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Singapore’s economy is holding up, but the outlook could sour quickly

Front-loading has boosted exports, but the trade picture remains murky. 

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While negotiations between the US and its major trading partners continue, Singapore does not appear to be among Washington’s key targets.

While negotiations between the US and its major trading partners continue, Singapore does not appear to be among Washington’s key targets.

ST PHOTO: BRIAN TEO

Yuan Mei

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The Singapore economy’s performance over these past six months has remained strong, despite mounting global trade uncertainty since Mr Donald Trump began his second term as US president. 

The country’s gross domestic product (GDP) expanded by

4.3 per cent year on year

in the second quarter, slightly above the 4.1 per cent in the first. Financial institutions have also revised upwards growth forecasts for the year.

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