Singapore's Q2 GDP Exceeds Expectations, 2026 Growth Forecast Raised on AI Boom

Singapore's Gross Domestic Product (GDP) for the second quarter significantly surpassed expectations, growing by 5.9% year-on-year. Consequently, the country's 2026 growth forecast has been revised upwards to 4.5-5.5%, largely driven by the booming artificial intelligence sector. The Monetary Authority of Singapore (MAS) affirmed that its current policy stance remains appropriate.