Singapore, April 16, 2025 (AFP) - Singapore 'cannot rule out' recession this year due to US tariffs: minister

NAMPA / AFP

2025-04-16

Singapore "cannot rule out" a recession this year because of the global uncertainty caused by US President Donald Trump's tariffs, its trade minister said Wednesday. "Given potential downside risks, we cannot rule out the possibility of a recession this year," Deputy Prime Minister and Trade Minister Gan Kim Yong said at a news conference. On Monday, the trade ministry downgraded Singapore's economic growth forecast this year to between zero and......

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