Singapore Warns of H2 Growth and Inflation Risks as Q1 Strength Masks Conflict Fallout
Updated
Updated · Bloomberg · Jun 8
Singapore Warns of H2 Growth and Inflation Risks as Q1 Strength Masks Conflict Fallout
1 articles · Updated · Bloomberg · Jun 8
Summary
Second-half growth and inflation pressures are likely to emerge in Singapore, Prime Minister Lawrence Wong said Monday, warning the economy has not yet felt the full impact of the Middle East conflict.
First-quarter performance was strong, but Wong said uncertainty still clouds the outlook and the government remains concerned about how the shock will feed through later this year.
The warning points to a weaker H2 backdrop for Singapore as external conflict risks threaten to slow growth while adding price pressure.