Market News

    Singapore economy grows less than expected in first quarter, as Iran war darkens outlook

    The Iran war threatens to stall Singapore’s growth momentum, with the Republic bracing for higher import costs and supply disruptions that are tempering earlier expectations for what could have been a promising year.

    On April 14, advance gross domestic product (GDP) estimates released by the Ministry of Trade and Industry (MTI) came in weaker than expected.

    Source : Straitstimes.com