Singapore official says commerce tariffs may renew inflationary pressures, disrupt easing

A commerce official in Singapore with the feedback:

• International financial uncertainties have elevated, together with over insurance policies of the incoming U.S. administration.
• Singapore electronics cluster projected to proceed to develop, supported by sturdy international semiconductor demand.
• Commerce tariffs may renew inflationary pressures, which may disrupt the tempo of financial easing.
• Not ruling out that GDP development may exceed Three.5% in 2024

Information from earlier:

• Singapore Q3 GDP +5.four% y/y (anticipated +four.6%, preliminary four.1%)

Within the wake of the figures the Ministry of Commerce and Business upgraded Singapore’s 2024 GDP development forecast to round Three.5% from 2.zero%-Three.zero% beforehand.

• It has additionally forecast Singapore’s 2025 GDP development at 1.zero%-Three.zero%.

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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