Singapore's second-half GDP growth outlook is turning positive amid the de-escalation of U.S.-Iran tensions, says DBS senior economist Chua Han Teng in a report. The economy is likely to benefit as financial markets, business and consumer confidence improve amid easing geopolitical tensions. The global artificial intelligence-driven technology cycle also appears to have further room to run. Demand for Singapore's memory chips, server-related products and semiconductor equipment, would be driven by major hyperscalers as they ramp up their AI infrastructure. DBS raises its 2026 and 2027 GDP growth forecasts for Singapore to 4.3% and 3.0%, up from 2.8% and 2.3%, respectively. (amanda.lee@wsj.com)
Dow Jones Newswires
Singapore's 2H GDP Growth Outlook Appears Positive — Market Talk
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Singapore's second-half GDP growth outlook is turning positive amid the de-escalation of U.S.-Iran tensions, says DBS senior economist Chua Han Teng in a report. The economy is likely to benefit as financial markets, business and consumer confidence improve amid easing geopolitical tensions. The gl…