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