Singapore Raises 2026 GDP Growth Forecast To 4.5%-5.5% From 2%-4%
Final Q2 GDP Rises 5.9% Y/Y (est. +5.8%) - Final Q2 GDP Rises 1.4% Q/Q, (est. +1.2%)
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12:03:04 AM UTC
SquawkNews
SINGAPORE'S Q2 GDP GREW 5.9% YEAR-ON-YEAR, BEATING THE REUTERS POLL ESTIMATE OF 5.8%, AND ROSE 1.4% QUARTER-ON-QUARTER ON A SEASONALLY ADJUSTED BASIS. THE MINISTRY OF TRADE AND INDUSTRY UPGRADED ITS 2026 GDP GROWTH FORECAST TO 4.5%-5.5% FROM 2.0%-4.0% PREVIOUSLY, CITING AN IMPROVED EXTERNAL DEMAND OUTLOOK, WHILE ENTERPRISE SINGAPORE RAISED ITS 2026 NODX FORECAST TO +14.0% TO +16.0%.
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