economy
Singapore revises its annual growth forecast sharply higher on AI-related boost
GDP growth for 2026 is now expected to come in at 4.5% to 5.5%, more than double the low end of its previous forecast of 2%-4%
TL;DR
- Singapore raised its 2026 economic growth forecast to 4.5%-5.5% from 2%-4%.
- Stronger first-half performance, AI-related sectors, and exports contributed to the upgrade.
- Second-quarter GDP grew 5.9%, led by manufacturing, wholesale trade, and finance.
- The U.S.-Iran conflict's economic impact has been less severe than anticipated.
- This is the second growth estimate upgrade for Singapore this year.
- Core inflation rose to 1.6% in June, and headline inflation was 1.9%.