Latest news with #gross domestic product
Bloomberg
12-08-2025
- Business
- Bloomberg
Singapore Raises 2025 Growth Outlook But Warns of Risks Ahead
Singapore raised its growth forecast for this year after a better-than-expected performance in the first half, mainly on the back of front-loading ahead of US tariffs, and easing trade tensions. The government forecast gross domestic product to grow 1.5%-2.5% year-on-year, the Ministry of Trade and Industry said in a statement on Tuesday, higher than the 0%-2% forecast since May.
Bloomberg
30-07-2025
- Business
- Bloomberg
US Economy Rebounds With 3% GDP Growth After Trade Reversal
US economic activity rebounded in the second quarter on a modest pickup in consumer spending and a marked drop in imports after a scramble to secure foreign goods earlier in the year. Inflation-adjusted gross domestic product, which measures the value of goods and services produced in the US, increased an annualized 3% after shrinking at a 0.5% rate in the previous period, according to preliminary government data out Wednesday.
