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Singapore Maintains 2026 Economic Growth Forecast at 2-4%
- On Monday, the Ministry of Trade and Industry maintained Singapore's 2026 economic growth forecast at 2 to 4 per cent despite rising global downside risks from the Middle East conflict.
- Strong performance in wholesale trade, manufacturing, and finance drove a 6 per cent year-on-year expansion in the first quarter, extending momentum from robust AI-related demand across the region.
- Amid the Middle East conflict, the blockade of the Strait of Hormuz—through which 20 per cent of global oil passes—has disrupted energy supplies and raised input costs for trade-dependent economies.
- Monetary Authority of Singapore Deputy Managing Director Edward Robinson said the agency is assessing the situation "meeting by meeting," as April core inflation came in at 1.4 per cent, below the 2 per cent comfort level.
- Throughout the year, MTI officials will monitor developments and adjust forecasts if necessary, as the ministry warned that global economic risks have "risen significantly" due to energy disruptions and potential US tariff escalations.
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12 Articles
12 Articles
Singapore economy beats expectations in Q1 with 6% annual growth, risks ...
·New York, United States
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Singapore Warns GDP Outlook Dims Despite First Quarter Beat
(Bloomberg) — Singapore said its economic outlook for this year has weakened as the energy crunch from the Middle East conflict weighs on global growth, flagging macro risks despite a robust first quarter thanks to the AI boom.
·Canada
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Coverage Details
Total News Sources12
Leaning Left2Leaning Right2Center2Last UpdatedBias Distribution34% Left, 33% Center, 33% Right
Bias Distribution
- 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
34% Left
L 34%
C 33%
R 33%
Factuality
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