Singapore’s economy grew 5.9% in the second quarter of 2026, higher than the official advance estimate of 5.7%.
GDP Growth
The country’s GDP growth for the first half of the year was 6.1%, according to the Trade Ministry. The ministry upgraded its growth forecast for this year to 4.5% to 5.5%, citing the impact of the Middle East war as less severe than initially feared and the global AI investment boom as stronger than expected.
The Monetary Authority of Singapore expects growth to stay firm for the rest of 2026, although it has flagged the sustainability of the AI investment boom as a major risk. The central bank tightened monetary policy in late July, citing persistent inflationary risks due to the Middle East conflict.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
