Singapore’s economic momentum expected to weaken in H2: Analysts

Analysts say Singapore’s economic momentum is expected to weaken in the second half, as businesses brace for further tariff shocks. They add that the latest export data for July, down 4.6 per cent, comes as no surprise, after a 12.9 per cent expansion in June. Experts say besides a slump in pharmaceutical shipments, a drop in front-loading trends and overall weaker external demand also contributed to the decline. Nadirah Zaidi reports.