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macroJul 14, 2026, 6:34 PM

UOB Raises Singapore 2026 GDP Forecast to 4.8% on AI-Led Manufacturing

UOB economist Jester Koh lifted Singapore’s 2026 GDP growth forecast to 4.8% from 4.0%, citing strong first-half performance and AI-driven gains in manufacturing and electronics.

UOB has revised upward its 2026 GDP growth forecast for Singapore to 4.8% from 4.0%, according to economist Jester Koh. The upgrade follows a robust first half of 2026, with manufacturing and electronics leading the expansion, supported by persistent AI-related tailwinds.

The forecast reflects confidence that the semiconductor and electronics supply chain will continue to benefit from global AI demand, bolstering Singapore’s export-oriented economy.

Source: FXStreet Forex News