0813 GMT - Singapore's businesses face a volatile global economic environment with higher downside risks, says DBS economist Chua Han Teng. Corporate profits have recovered in 2024 amid improved external conditions and Singapore's economic growth will be solid, he says. "We expect a dynamic outlook for 2025," but are mindful of heightened risks, especially from a wider trade war under a second Trump administration, he says. Trade tensions among major economies are likely to rise under Trump 2.0 as the president-elect has indicated higher tariffs on imported goods. However, the eventual global economic impact of U.S. policies will depend on how they are rolled out. (amanda.lee@wsj.com)
(END) Dow Jones Newswires
November 22, 2024 03:13 ET (08:13 GMT)
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