Singapore's 2H GDP growth momentum is likely to remain firm, says CGS International, as it raises its 2026 GDP growth forecast for the city-state to 4.4% from 2.8%. The economy is expected to be supported by the ongoing artificial intelligence-related capital expenditure, rising construction activity and improving geopolitical conditions, says economist Mohamed Afham Zulghafir in a report. Although global trade activity remains uneven, Singapore's export-oriented sectors should continue to gain from technology-driven demand. Demand from East Asia is also expected to stay resilient from continued investment in semiconductors as well as machinery and equipment, he adds. (amanda.lee@wsj.com)
Dow Jones Newswires
Singapore's 2H GDP Growth Momentum Likely to Remain Firm — Market Talk
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Singapore's 2H GDP growth momentum is likely to remain firm, says CGS International, as it raises its 2026 GDP growth forecast for the city-state to 4.4% from 2.8%. The economy is expected to be supported by the ongoing artificial intelligence-related capital expenditure, rising construction activi…