Singapore upgrades 2026 growth forecast to 4.5% to 5.5%
Singapore has significantly raised its 2026 economic growth forecast to a range of 4.5% to 5.5%. This upgrade is driven by a strong first-half performance and a global surge in capital expenditure related to artificial intelligence.
Why it matters
The upgrade signals that AI-related infrastructure investment is providing a tangible, measurable boost to national economies within the global technology supply chain.
The Ministry of Trade and Industry expects Singapore’s economy to expand by 4.5 per cent to 5.5 per cent in 2026, sharply higher than the earlier forecast of 2 per cent to 4 per cent.
Listen SINGAPORE – Singapore has sharply raised its economic growth forecast for 2026 to 4.5 per cent to 5.5 per cent, up from an earlier 2 per cent to 4 per cent range, on the back of a stronger-than-expected first-half performance and a surge in global AI-related capital spending.
The surprise upgrade has prompted some economists to reassess and raise their own forecasts for the country’s gross domestic product (GDP) growth in 2026.
Singapore’s economy grew by 5.9 per cent year on year in the second quarter, easing from the 6.3 per cent expansion in the previous quarter. The growth was slightly higher than the advance estimate of 5.7 per cent.
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