Singapore raises its 2026 GDP growth forecast to 4.5%-5.5% from 2%-4%, citing stronger-than-expected global AI investment and improved external demand (Bloomberg)
Singapore upgraded its 2026 economic growth forecast anew as the artificial intelligence boom lifts trade and manufacturing …
Singapore has raised its 2026 GDP growth forecast to 4.5%-5.5% from 2%-4%. According to the Ministry of Trade and Industry, this upgrade is due to stronger-than-expected global AI investment and improved external demand.
The country's GDP grew 5.9% in the second quarter, above the government's advance estimate of 5.7%. This growth eased from the 6.3% notched in the January-March period.
The Ministry of Trade and Industry expects a further acceleration in AI-related capital expenditure to lift the growth prospects of economies plugged into the global technology value chain for the rest of the year, as reported by Free Malaysia Today.
Brief written by urgent.news from Techmeme, CNBC, CNBC World, Bernama, Free Malaysia Today — 5 reports on this story. Machine-written — it may contain errors, so check the original before relying on it.
