Singapore upgrades 2026 GDP growth forecast to 4.5%-5.5% on stronger AI boom
Singapore's government raised its 2026 GDP growth forecast to a range of 4.5% to 5.5%, citing a stronger artificial-intelligence boom. Officials said the city-state's trade is not expected to take a hit from the 12.5% US tariff on exports.
Singapore's government said it has raised its 2026 GDP growth forecast to a range of 4.5% to 5.5%, pointing to a stronger artificial-intelligence boom as the main driver behind the revision. Officials said the surge in global investment in AI infrastructure has given a notable lift to the city-state's electronics and technology sectors.
The government said Singapore's trade is not expected to take a significant hit from the 12.5% tariff the United States has imposed on exports, suggesting the export-driven economy has so far proven relatively resilient to global trade tensions.
The upgraded outlook follows a strong second-quarter growth performance. Economists said the impact of AI infrastructure investment on regional economies will continue to be closely watched in the coming quarters.
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