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)
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