CNA·3 min read·medium

Singapore raises 2026 GDP growth forecast to 4.5%-5.5%; economy grew 5.9% in Q2

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Abigail Ng
Singapore raises 2026 GDP growth forecast to 4.5%-5.5%; economy grew 5.9% in Q2
AI Summary

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.

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.

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