Singapore: Strong growth momentum defies risks – DBS
DBS Group Research economist Chua Han Teng highlights that Singapore’s economy is set to deliver above-trend growth for a third straight year in 2026, supported by manufacturing, wholesale trade and financial services.
Singapore's economy is on track for above-trend growth in 2026, according to DBS Group Research economist Chua Han Teng. The island nation is set to achieve a 5.0% real GDP growth rate, despite geopolitical challenges and a moderation in the overall GDP cycle. This forecast comes from an upward revision of the Ministry of Trade and Industry's official projection, which now ranges from 4.5% to 5.5%.
The growth is driven by manufacturing, wholesale trade, and financial services, with the AI boom playing a significant role. Despite the ongoing uncertainty, DBS maintains a positive outlook for Singapore's economy in the coming year.
Written by urgent.news from FXStreet's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
