SINGAPORE, June 17 (Xinhua) -- Economists have slightly lowered their forecast for Singapore's economic growth this year, citing rising geopolitical uncertainties, according to the latest quarterly survey of professional forecasters released by the Monetary Authority of Singapore (MAS) on Wednesday.
The median forecast for Singapore's gross domestic product (GDP) growth in 2026 was revised down to 3.5 percent from 3.6 percent in the previous survey.
An escalation or prolonged conflict in the Middle East was identified as the most significant downside risk to Singapore's economic outlook. Respondents also highlighted the risk of an artificial intelligence (AI) bubble bursting or a slowdown in AI-related capital expenditure, which could spill over into global financial markets.
On the upside, all respondents pointed to a sustained AI-driven technology upcycle as a key factor supporting growth. A de-escalation or resolution of the Middle East conflict was also cited as a positive risk to the outlook.
Singapore's economy grew 6 percent year on year in the first quarter, slightly above the 5.8 percent median forecast in the previous survey.
For the second quarter, respondents expect GDP growth of 4.3 percent year on year.
Looking ahead, the median forecast for 2027 GDP growth remained at 2.5 percent. Forecasters continued to view growth in the 2 percent to 2.4 percent range as the most likely outcome next year, unchanged from the previous survey.
The June 2026 survey, conducted by MAS, was sent on May 25 to 25 economists and analysts who closely track the Singapore economy. Enditem
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