Singapore raises 2026 GDP growth forecast to 4.5%-5.5%; economy grew 5.9% in Q2
Singapore's Ministry of Trade and Industry has raised its 2026 GDP growth forecast to 4.5%-5.5%. This upgrade is driven by strong AI-related capital expenditure and a more stable geopolitical outlook.
Why it matters
The upgrade signals resilience in the Asian economy despite global geopolitical tensions and highlights the significant economic impact of the ongoing AI investment boom.
The Ministry of Trade and Industry said the outlook for the rest of the year has improved due to stronger AI-related spending and a less severe-than-feared impact from the Middle East conflict.
Office workers walking on the streets of the Central Business District in Singapore. (File photo: iStock)
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