A recent analytical report by the United Nations Conference on Trade and Development (UNCTAD) has once again raised concerns about global economic stability. According to the document released on Wednesday, global growth could decelerate to 2.3% in 2025, potentially pushing the world economy toward a recession. In contrast, the global economy grew by 2.8% in 2024, yet the mounting trade tensions and uncertainties cast a shadow over future prospects.

The Monetary Authority of Singapore (MAS) has once again eased its monetary policy, reflecting shifts in the global economic landscape. This marks the second such move this year, aiming to enhance financial stability against a backdrop of declining global growth and trade relations. A key factor driving these changes is the trade tensions instigated by US tariffs, which have impacted the economic dynamics of Singapore and its trading partners.

American retail giant Walmart is ramping up pressure on its Chinese suppliers, demanding price cuts in reaction to tariffs imposed during the administration of former President Donald Trump. According to Bloomberg News, suppliers are expected to reduce prices by 10% with each tariff increase—a mandate that many Chinese manufacturers find challenging to meet. This development further intensifies the trade tensions that have long characterized the economic relationship between the United States and China.

Recent trends in global financial markets reveal a significant surge of interest in mining company stocks. This year, the Australian Stock Exchange (ASX) is set to witness a record number of secondary listings. Factors such as favorable regulatory conditions, a stable jurisdiction, and the involvement of pension funds are driving this trend and positioning ASX as a prime destination for mining firms looking to raise capital.

In the dynamic financial world influenced by US tariffs and international trade tensions, Singapore's second-largest bank, Oversea-Chinese Banking Corp $O39.SI, showcases financial resilience and record revenues for 2024. Nonetheless, amid the uncertainty in the global market caused by these factors, the bank warns of potential challenges to global growth and trade.

The third consecutive decline in iron ore futures prices on Wednesday was driven by worsening prospects for Chinese steel exports and escalating trade tensions between the United States and China. This development has significantly impacted global metal markets, sparking discussions among analysts and market participants.