Singapore Raises GDP Forecast to 5.5% as AI Boom Outpaces Tariff Fears

The Ministry of Trade and Industry raised Singapore's 2026 GDP growth forecast to 4.5%–5.5%, up from a previous estimate of 1.0%–3.0%, after the economy expanded 5.9% in the second quarter.

• What changed: MTI cited "better-than-than-expected" H1 performance and stronger AI-related capital expenditure
• Who benefits: Workers in electronics, finance, and digital services stand to gain from the growth uptick
• What's next: The upgrade puts Singapore on...