Singapore businesses must stay agile as trade uncertainties and cost pressures could impact growth in 2025, Deputy Prime Minister Gan Kim Yong said. The new US administration’s trade policies, including proposed tariffs of up to 20%, could affect Singapore’s manufacturing and trade-related sectors. GDP growth is expected to slow to 1%-3%, with core inflation at 1%-2%. Singapore is advancing trade agreements, including the China-Singapore FTA upgrade and Asean-China FTA 3.0, while also strengthening ties with Malaysia through the Johor-Singapore Special Economic Zone. Gan said Singapore will invest in AI talent, reskilling 18,000 tech professionals. The government is also reviewing regulations to ease business compliance. Singapore’s economy grew 4% in 2024, with core inflation at 2.7%.