Singapore’s growth is likely to slow in the third and fourth quarters at 1.3% and 1.6%, the survey showed. In comparison, growth in the first two quarters is estimated at 4.1% and 3.9% — raised from 3.5% for each period from the December survey. The annual outlook stayed the same at 2.6% though analysts are warning of risks.
Economists lowered the growth outlook for Singapore and Hong Kong in the second half of this year on increased uncertainties from US President Donald Trump imposing higher tariffs on China’s exports, according to the median of a Bloomberg survey.
