Singapore's economic expansion decelerated in the third quarter of 2026, with GDP growth dropping to 5.4% after hitting a four-year high in the last quarter.
However, the GDP print beat expectations of a 5% growth from economists polled by Reuters.
Government data showed a decline in the country's manufacturing sector, although this was offset by an expansion in construction. Manufacturing is one of the city-state's largest sectors, contributing about 20% of its GDP.
Singapore back in August had lifted its annual economic growth forecast as AI-related sectors and exports powered its economy to beat expectations for the first two quarters of the year. This forecast is still mantain
GDP growth for 2026 is expected to come in at 4.5% to 5.5%, more than double the lower end of its previous forecast of 2%-4%.