Singapore’s economy beats Q1 forecasts, growing 3.9pc, but govt warns of trade war risks

AI Summary

Singapore's economy grew by 3.9% year-on-year in Q1 2019, exceeding initial estimates but slowing from the previous quarter. Growth was driven by manufacturing and wholesale trade, attributed to businesses rushing orders before anticipated US tariff hikes. Despite this positive start, the government remains cautious, citing downside risks from a potential US-China trade war and maintaining a conservative growth forecast of 0-2% for the year.