Economists Upgrade Singapore’s Growth Outlook

Economists polled by Singapore’s central bank have upgraded their growth outlook for the country for 2026 while making slight cuts to their inflation forecasts, a survey showed on Wednesday. 

Around half of the respondents in the Monetary Authority of Singapore’s September quarter survey cited a prolonged or escalating conflict in the Middle East as one of the major downside risks for the city-state, while 29.4 percent of the economists flagged the potential bursting of the AI bubble. 

The survey was sent out in August with 25 economists and analysts responding. 

The median forecast for growth this year increased to 5 percent, up from 3.5 percent in the previous survey in June, with growth in 2027 projected at 3.1 percent up from 2.5percent. Singapore’s economy grew 5.9 percent in the second quarter. In August, the trade ministry raised its growth forecast to 4.5 percent to 5.5 percent for 2026, from 2 percent to 4 percent.