Geopolitical risks rise as top threat to Singapore economy

The growth in China is also seen to significantly impact Singapore’s economy.

Geopolitical risks, including higher tariffs, emerged as the most cited downward risks to Singapore’s economic outlook, MAS reported.

According to MAS’ latest Survey of Professional Forecasters, 100% of respondents agreed that geopolitical tensions will threaten the Singapore economy, followed by weaker growth in China (42.9%),  and domestic cost pressures (21.4%).

On the flip side, 64.3% of respondents cited external growth as the top upside risk, followed by a more robust growth in China (57.1%), and a sustained tech cycle upturn (50%).

MAS surveyed 25 economists and analysts who closely monitor the Singapore economy on 22 November. The survey received a response rate of 80%.