Singapore's GDP grew 5.4% in the third quarter of 2026, slowing from a four-year high in the previous quarter but beating the 5% growth expected by economists polled by Reuters. A decline in manufacturing, which accounts for about 20% of GDP, was offset by expansion in construction. Singapore raised its 2026 growth forecast to 4.5%–5.5%, its second upgrade, driven by AI-related sectors and exports; the earlier forecasts were 2%–4% and, at the start of the year, 1%–3%. The Monetary Authority of Singapore held policy steady after two rounds of tightening in April and July, citing inflation risks from higher energy prices. It expects inflation to stay high in the near term before easing from mid-2027.
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