0515 GMT - Singapore may enter a technical recession this year, says Selena Ling of OCBC's Global Markets Research, in a research report. "A technical recession is possible as the brunt of the initial U.S. tariff announcements has wrecked significant havoc on financial markets in April and real economic fallout is anticipated in the coming months," says the chief economist and head of Global Markets Research & Strategy. Singapore's GDP could contract again sequentially on-quarter on a seasonally adjusted basis in 2Q, tipping the economy into a technical recession, Ling says. This assumes there's no near-term improvement in global trade and growth prospects arising from negotiations on tariff front that results in more sustained lifting of reciprocal tariffs, Ling adds. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
April 14, 2025 01:15 ET (05:15 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。