Singapore’s economic outlook brightens on US-China de-escalation, but tariff uncertainty remains

There is a high probability now that the Singapore economy will avoid the worst-case scenario of a technical recession later this year.

ST PHOTO: KUA CHEE SIONG

Ovais Subhani

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SINGAPORE - The outlook for Singapore’s export-driven economy has brightened as the world’s two largest economies stepped back from a tariff war that could collapse trade between them and trigger a global recession, analysts said.

The US and China agreed on May 12 to

suspend their triple-digit reciprocal tariffs for 90 days

for much lower levies while negotiations continue for a broader and sustainable trade deal.

Singapore’s economic outlook brightens on US-China de-escalation, but tariff uncertainty remains

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