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.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。