Singapore Q1 GDP -0.6% q/q (anticipated -1.0%, prior -0.8%)

Singapore Q1 GDP +3.9% y/y vs Reuters ballot +3.6%

• anticipated 3.6%, prior 3.8%

Singapore Q1 GDP -0.6% q/q at seasonally adjusted fee

• anticipated -1.0%, prior -0.8%

Singapore MTI maintains 2025 GDP development forecast at 0.0% to +2.0%

Singapore MTI says regardless of latest optimistic developments, international financial outlook stays clouded by uncertainty, with dangers tilted to draw back

• says Singapore’s exterior demand outlook for remainder of yr improved barely in comparison with April
• says development of outward-oriented sectors anticipated to gradual over course of yr
• says slowdown in manufacturing sector, weaker international commerce, anticipated to weigh on trade-related providers sectors in 2025
• says development in finance, insurance coverage sector could possibly be weighed down by episodes of weaker buying and selling exercise in 2025