DBS Group Analysis expects Singapore’s remaining 2Q26 GDP to be revised as much as 5.9% year-on-year and 1.3% quarter-on-quarter seasonally adjusted, pushed by stronger manufacturing and companies. With first-half development above development, the staff sees a excessive likelihood the federal government will elevate its 2026 GDP forecast to 4.0–5.0%, whereas nonetheless highlighting important uncertainty and draw back dangers.
Development beats development, forecast improve in sight
“We count on Singapore’s remaining 2Q26 GDP print to be revised as much as 5.9% yoy and 1.3% qoq sa, from the advance estimates of 5.7% yoy and 1.1% qoq sa.”
“The modestly increased development figures had been pushed by a firmer manufacturing outturn than initially reported, alongside a attainable upward revision to companies development amid stronger enlargement in trade-related companies, as indicated by the strong pickup in re-exports in June.”
“With 1H26 development monitoring properly above development, we see a excessive chance that the federal government will improve its official 2026 GDP development forecast to 4.0-5.0% from 2.0-4.0%, even because it continues to flag excessive uncertainty and draw back dangers to the outlook.”
(This text was created with the assistance of an Synthetic Intelligence instrument and reviewed by an editor. Know extra.)
