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Survey: Economists Cut Singapore 2026 GDP Growth Forecast to 3.3%, Raise Inflation Outlook
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According to the latest Bloomberg survey released earlier this month, economists have lowered their forecasts for Singapore's economic growth and raised their inflation expectations. The survey results show that Singapore's GDP is expected to grow by 3.9% in 2Q26, down from 4.5% in the previous survey conducted in March. The full-year GDP growth forecast for 2026 was revised down from 3.5% to 3.3%. Forecasts for overall inflation and core inflation for 2026 were both raised from the previous estimate of 1.5% to 2.3% and 2%, respectively. Although the local government reiterated last month its 2026 economic growth outlook of 2% to 4%, it warned that the outlook has weakened due to energy and supply chain disruptions caused by the Middle East conflict. Han Teng Chua, Senior Economist at DBS, said that even if key export sectors continue to show momentum, Singapore's growth is expected to be uneven and face challenges from external uncertainties. (da/u) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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