Summary

Singapore upgraded its 2026 growth forecast to 2%-4% due to a stronger-than-expected economy in 2025, driven by manufacturing, wholesale trade, and finance sectors. The AI investment boom, particularly in electronics, is expected to sustain growth, though downside risks like geopolitical tensions and potential corrections in global financial markets remain. While some sectors like construction and real estate are expected to perform well, consumer-facing services may face challenges.

https://www.straitstimes.com/business/singapore-upgrades-2026-economic-growth-forecast-to-2-4-after-outperforming-in-2025?ref=top-stories