Singapore raises its 2026 GDP growth forecast to 4.5%-5.5% from 2%-4%, citing stronger-than-expected global AI investment and improved external demand (Bloomberg)

Singapore has increased its 2026 GDP growth forecast to 4.5%-5.5% from an earlier 2%-4%. This upward revision is attributed to stronger-than-expected global investment in artificial intelligence and improved external demand. The artificial intelligence boom is positively impacting trade and manufacturing, leading to a more optimistic economic outlook for Singapore.