Singapore Economists Cut 2026 GDP Forecast to 3.3% as Middle East Conflict Lifts Inflation
Updated
Updated · VnExpress International · Jun 9
Singapore Economists Cut 2026 GDP Forecast to 3.3% as Middle East Conflict Lifts Inflation
1 articles · Updated · VnExpress International · Jun 9
Summary
Singapore economists lowered their 2026 full-year GDP forecast to 3.3% from 3.5%, and cut the second-quarter growth view to 3.9% from 4.5% in Bloomberg’s latest survey.
Inflation expectations moved the other way: headline inflation was raised to 2.3% and core inflation to 2.0%, both up from 1.5%, as energy and supply-chain disruptions spread beyond crude oil.
S&P Global’s Ahmad Mobeen said higher production costs will squeeze energy-intensive sectors, while uncertainty over trade flows may curb investment, production decisions and export orders in coming quarters.
Singapore kept its official 2026 growth forecast at 2% to 4% in May, but warned downside risks had increased even after the economy expanded a stronger-than-expected 6% year on year in the first quarter.