The April 14 announcement of downgrading by MTI comes exactly two months after a February 14 media release stating that the ministry was maintaining the Singapore “GDP growth forecast for 2025 at 1.0 to 3.0 per cent”. That media release had said that the Singapore economy had expanded by 4.4 per cent in 2024.
Tag: Reciprocal Tariffs
Trump shoots reciprocal tariffs from baseline 10 pc to higher; 26 pc on India imports
Triggering almost a global trade war, US President Donald Trump on Wednesday announced tariffs of at least 10 percent on almost all goods from other countries, plus even higher rates for many nations, including friends, but deemed to be “worst offenders”. Addressing an audience in the Rose Gardens of the White House, including rows of […]
Donald Trump set to announce sweeping tariffs on global trade partners upending world trade order
Several economists have said the rolling out of the tariffs is a risky move that threatens to plunge the economy into a downturn and upend decades-old alliances.
