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DBS forecasts Singapore GDP growth to stay resilient in 2Q26

DBS expects non-oil domestic exports to extend a fourth straight month of double-digit growth, driven by AI-related electronics demand.

Reported · Written up by our desk · Central Banks

DBS economists Radhika Rao and Mo Ji forecast Singapore’s advance 2Q26 GDP growth at 5.8% year-on-year and 1.5% quarter-on-quarter on a seasonally adjusted basis, calling it slightly below 1Q26 but still resilient.

They point to strong manufacturing and wholesale trade supported by AI-related electronics demand, along with robust modern services and construction activity.

DBS also projects non-oil domestic exports to post a fourth consecutive month of double-digit growth, though they expect a slowdown from May.

The outlook comes as FXStreet highlights broader currency-market themes, including moves in GBP/USD and EUR/USD and caution tied to lingering US-Iran conflict uncertainty.

Latest closeEUR/USD 1.153 ▲1.3%|GBP/USD 1.347 ▲1.4%

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