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DBS lifts Singapore 2026 growth outlook as momentum holds

DBS expects Singapore’s real GDP to grow 5.0% in 2026 after MTI revised 2Q26 growth to 5.9% year over year.

Reported · Written up by our desk · EM Currencies

FXStreet reports that DBS Group Research economist Chua Han Teng said Singapore’s economy is on track for above-trend growth for a third straight year in 2026, supported by manufacturing, wholesale trade, and financial services.

The firm pointed to a strong 2Q26 performance, noting that Singapore’s GDP growth was revised by the Ministry of Trade and Industry to 5.9% year over year and 1.4% quarter over quarter on a seasonally adjusted basis, compared with advance estimates of 5.7% and 1.1%.

DBS said the modest upward revision reflected firmer expansion in the manufacturing and services sectors, and it raised its 2026 real GDP growth forecast to 5.0%, while also citing lingering geopolitical risks.

FXStreet also highlighted broader market context in its “Insights” section, including currency and commodity moves tied to risk sentiment and inflation concerns, as traders look ahead to US CPI.

FXStreet also notes that analysts cited continuing momentum and the global AI boom as part of the case for sustained growth into 2026.

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