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Central bank vigilant to risks in global markets transmitting to S'pore
The Straits Times
|July 16, 2025
Potential trade conflicts. The trade shock in April after the US imposed sweeping tariffs has created complex effects on global inflation and growth, varying by country, he said.
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FROM A1 Although tariff deadlines were delayed and businesses advanced orders, this front-loading is temporary and will lead to softer consumption and investment ahead, Mr Chia added.
The outlook is cautious, with expectations of slower global growth and subdued inflation in the second half of 2025, he said. Singapore's GDP growth for 2025 is projected to slow to a range of 0 per cent to 2 per cent amid rising global uncertainties, from a 4.4 per cent expansion in 2024.
Mr Chia said MAS' mandate to secure medium-term price stability will provide an anchor of stability for the Singapore economy in times of uncertainty and fundamental change.
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