Singapore's economy is growing faster than almost anyone expected, and the government says artificial intelligence is the reason. On Tuesday, the Ministry of Trade and Industry (MTI) raised its 2026 GDP growth forecast to 4.5–5.5%, up sharply from the previous range of 2–4%, after revising second-quarter growth up to 5.9% year on year from an earlier flash estimate of 5.7%.
Sources
- reuters.comReuters — Singapore raises 2026 growth forecast on AI boom after robust Q2 GDP
- channelnewsasia.comChannel News Asia — Singapore raises 2026 GDP growth forecast to 4.5%-5.5%; economy grew 5.9% in Q2
- businesstimes.com.sgThe Business Times — Singapore raises 2026 growth forecast to 4.5-5.5%; Q2 growth revised up to 5.9%
- english.news.cnXinhua — Singapore raises 2026 growth forecast to 4.5 pct to 5.5 pct
