IMF cuts its S’pore 2025 growth forecast as Trump tariffs, US-China trade war bite | Where to grab a bite before a GE2025 election rally

Plus: HDB resale flat, private home prices moderating; macroeconomic outlook a concern | If this e-mail is not displayed properly, click here. FRIDAY, APR 25 2025 Amee Enriquez Deputy Newsletter Editor Good evening, The International Monetary Fund (IMF) slashed its 2025 growth forecast for Singapore, along with those of its Asean neighbours, saying the outlook has dimmed amid US President Donald Trump's global tariffs and his escalating trade war with China. More details in this report. Meanwhile, public and private property prices grew at a slower pace in the first quarter of 2025. This is due to an increase in housing supply in both markets, coupled with a slowdown in resale flat volumes and overall private home transaction volumes. Amid stable demand for both housing types in the first quarter, analysts warn of downside risks ahead due to rising macroeconomic uncertainty. To get more on the GE2025 hustings, sign up here. Business IMF cuts its S'pore 2025 growth forecast as Trump tariffs, US-China trade war bite It now sees the Singapore economy growing 2%, down from its previous forecast of 2.5%. Singapore Amid global changes, Government will 'steer Singapore through the storm', says PM Wong PM Wong said Singapore may be too small to influence global developments, but it is certainly not helpless. Singapore Voters concerned about cost of living, but debates should focus on solutions, says Vivian The Foreign Minister was responding to issues raised by opposition parties on his campaign trail. Singapore GE2025: Talking Tampines with Workers' Party Three WP candidates, including party vice-chairman Faisal Manap, drop by The Usual Place. Singapore NSP says it's a constructive opposition party that will champion responsible policies The National Solidarity Party is in a three-cornered fight for Sembawang GRC. Life Fuel before the fire: Where to grab a bite before a GE2025 election rally Here are some places to fuel up in five of the hottest wards this election season. Singapore HDB resale flat, private home prices moderating; macroeconomic outlook a concern Following a bull run of 20 straight quarters, Housing Board resale prices grew 1.6 per cent in the first quarter. Singapore Jail for ex-insurance agent who misappropriated $20k from long-time client and got scammed The agent misappropriated $20k of her long-time client's money, then lost $13k of the money to a scam. Life A first-time car buyer's guide Buying a car is often the second-largest financial commitment, ranking just behind buying a home. Life Viewpoint: Do the Chinese TikToks 'exposing' designer brands spell the end of luxury? Chinese manufacturers are "exposing" the origins and high mark-ups of European luxury brands. If you received this newsletter from someone, sign up here to get daily updates right in your inbox! If you have any feedback, please drop us an e-mail at st-newsletters@sph.com.sg Sign up for more free newsletters from The Straits Times here. Manage subscription here.