Singapore’s Model for Success Faces Test in a Less Global Era

Singapore’s growth is poised to moderate as its export-driven model is strained by geopolitical tensions and a fragmenting global trading system, though it could draw support from opportunities in the Middle East, according to Bloomberg Intelligence.

Growth in the Asian financial hub is expected to ease to about 2.5% this year before settling into a 2%–3% range over the longer term, BI analysts led by Sarah Jane Mahmud said in a report on Monday. Still, the city is projected to outpace many developed peers as economies grapple with fallout from the Iran war. Singapore will update its economic outlook from its earlier forecast of 2%-4% in May.