Singapore GDP Growth Upgrade

DBS has raised its Singapore GDP growth forecasts for 2026 and 2027 to 4.3% and 3.0%, respectively. The positive outlook is supported by robust AI-driven export demand, strong financial services activity, and reduced geopolitical risks following a US-Iran interim peace deal.

Key Takeaways

• 1.DBS upgraded Singapore's 2026 GDP growth forecast to 4.3% and 2027 to 3.0%.
• 2.Resilient economic performance is driven by the global AI cycle, financial services momentum, and a construction boom.
• 3.De-escalation of US-Iran tensions reduces geopolitical risks and stagflationary pressures.

Table of Contents

• Singapore: GDP growth upgrade
• Dialling up our growth profile
• Our nowcast shows resilient 2Q26 growth
• 2H26 outlook turning positive
• ECONOMICS & STRATEGY

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