Singapore revises its annual growth forecast sharply higher on AI-related boost

AI Summary

Singapore has revised its 2026 GDP growth forecast sharply higher, now expecting growth between 4.5% and 5.5%, which is more than double the earlier low-end estimate of 2% to 4%. This revision is attributed in part to an anticipated boost from AI-related economic activities.

GDP growth for 2026 is now expected to come in at 4.5% to 5.5%, more than double the low end of its previous forecast of 2%-4%