Singapore raised its economic growth forecast for 2026 on Tuesday, citing stronger-than-expected global investment in artificial intelligence and a milder-than-feared impact from the Middle East conflict, Reuters reported.
The trade ministry now expects the economy to expand by 4.5%-5.5% this year, up sharply from its previous forecast of 2.0%-4.0%, after second-quarter gross domestic product grew 5.9% from a year earlier. The latest reading was above the government's advance estimate of 5.7%.
