Singapore Prime Minister Lawrence Wong warned that the economy has yet to feel the full impact of the Middle East conflict, and uncertainty remains over the growth outlook despite a strong performance in the first quarter.

Singapore Prime Minister Lawrence Wong warned that the economy has yet to feel the full impact of the Middle East conflict, and uncertainty remains over the growth outlook despite a strong performance in the first quarter.

Economists lowered their forecasts for Singapore’s economic growth and raised inflation expectations, according to the latest Bloomberg News survey conducted June 2-5.