Singapore's economic growth is likely to slow in the second half of the year despite a better-than-expected performance in the first half because of uncertainties over tariffs, the head of its central bank said on Tuesday, Reuters reported. Monetary Authority of Singapore (MAS) managing director Chia Der Jiun, speaking during the release of the central bank's annual report, said this was in line with the central bank's expectations of slower global economic activity and weaker external demand. Chia said there was considerable uncertainty given the range of potential outcomes.
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Singapore's state investor Temasek sees growing investment opportunities in Europe as the impact of trade tensions on the economic climate makes some companies more attractive in terms of valuations, a senior executive told Reuters on Thursday, Reuters reported. A trade war, which followed U.S. President Donald Trump's "Liberation Day" on April 2, had led to volatility in global markets and prompted some investors to focus more on European assets.
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