�������t¶��

"There is nothing to complain about here," Carl Weinberg, chief economist at High Frequency Economics, said in a research note.

However, many companies and economists have said this will be difficult to achieve and will likely mean job losses and economic pain at least in the short term.

Singapore's authorities and economists have warned of the fallout and a possible technical recession from the US-China trade war and US President Donald Trump's global tariffs.

The effect of these tariffs is different from supply shocks that suddenly alter the supply of goods or services, such as natural disasters, wars or disease outbreaks, according to a real estate economist.

"Overall, not as bad as feared," said Paul Ashworth, chief North America economist at Capital Economics.