Singapore's Economy May Grow 2.1% This Year, OCBC Says -- Market Talk

Dow Jones

2025/07/14

0244 GMT - Singapore's better-than-expected 2Q advance GDP estimates and upward revision of 1Q data spur OCBC to upgrade its growth forecast for this year to 2.1% from 1.6% projected earlier. The economy recovered sequentially from 1Q's contraction to expand in 2Q, putting to rest concerns of a technical recession in 1H, says chief economist Selena Ling in a note. However, the external economic landscape remains very fluid, and the key is to monitor potential sectoral tariffs on semiconductors and/or pharmaceuticals. Ling reckons that the Monetary Authority of Singapore's monetary policy review due later this month could adopt a "wait-and-see" mode, barring downside core CPI risks.(amanda.lee@wsj.com)

(END) Dow Jones Newswires

July 13, 2025 22:44 ET (02:44 GMT)

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The economy recovered sequentially from 1Q's contraction to expand in 2Q, putting to rest concerns of a technical recession in 1H, says chief economist Selena Ling in a note. However, the external economic landscape remains very fluid, and the key is to monitor potential sectoral tariffs on semiconductors and/or pharmaceuticals. 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Ling reckons that the Monetary Authority of Singapore's monetary policy review due later this month could adopt a \"wait-and-see\" mode, barring downside core CPI risks.(amanda.lee@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 13, 2025 22:44 ET (02:44 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"O39.SI","symbol_name":"华侨银行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2551920043","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2551920043","pubTimestamp":1752461040,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0244 GMT - Singapore's better-than-expected 2Q advance GDP estimates and upward revision of 1Q data spur OCBC to upgrade its growth forecast for this year to 2.1% from 1.6% projected earlier. 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