Mumbai, May 22 -- Singapore's economy expanded 3.9% year-on-year in Q1 2025, down from 5% in the previous quarter, led by gains in wholesale trade, manufacturing, and finance. However, GDP shrank 0.6% quarter-on-quarter, reversing a 0.5% rise in Q4 2024. Citing near-term challenges, the government lowered its 2025 growth forecast to 0%-2% from 1%-3%.
Published by HT Digital Content Services with permission from Capital Market....