Group 1 - The core viewpoint is that the slowdown in manufacturing and weak global trade is expected to impact trade-related services by 2025 [1] Group 2 - The Singapore Ministry of Trade and Industry highlights the anticipated effects on the services sector due to manufacturing deceleration [1] - The report indicates that the challenges in global trade will further exacerbate the situation for trade-related services [1] - The timeline for these impacts is projected to be around 2025, suggesting a medium-term outlook for the industry [1]