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Economists Trim Singapore 2026 Growth Forecast to 3.5%, MAS Survey Shows

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Economists have slightly lowered their median forecast for Singapore's 2026 GDP growth to 3.5% from the 3.6% projected in March, according to the June Survey of Professional Forecasters by the Monetary Authority of Singapore.

While the economy expanded a stronger-than-expected 6% year over year in the first quarter, forecasters expect growth to moderate to 4.3% in the second quarter.

Meanwhile, inflation projections were upgraded, with headline CPI inflation for the full year now estimated at 2.3% from the previous 1.5% forecast, while the outlook for MAS core inflation was also lifted to 2% from 1.5%.

They cited the escalating geopolitical tensions in the Middle East and the potential bursting of the artificial intelligence bubble or a slowdown in capital spending as the main downside risks to the outlook.

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