Business · Singapore Bureau
Singapore's 2026 growth forecast lifted to 5% on artificial intelligence surge
Economists have raised their economic growth projections for Singapore next year, buoyed by expectations of continued artificial intelligence sector expansion. The upward revision also reflects improved outlooks for manufacturing and non-oil domestic exports.
LSN Singapore ·
Singapore's economic growth forecast for 2026 has been upgraded to 5 per cent, according to a survey of economists conducted by the Monetary Authority of Singapore. The uplift underscores growing confidence in the city-state's ability to capitalise on the artificial intelligence sector's continued momentum, which has emerged as a key growth driver for the regional economy.
Beyond artificial intelligence, surveyed economists also lifted their predictions for manufacturing output and non-oil domestic exports, signalling broader-based optimism about Singapore's economic trajectory. These sectors have historically been important pillars of growth for the trade-dependent economy.
The 5 per cent growth forecast represents a significant upgrade from earlier expectations and suggests economists believe Singapore is well-positioned to benefit from global technology trends and regional demand. The resilience of export-oriented industries remains a critical factor underpinning the revised forecasts.
The MAS survey reflects a shift in sentiment among market watchers, who have grown increasingly confident about Singapore's medium-term growth prospects despite global economic uncertainties. The emphasis on artificial intelligence as a growth catalyst highlights the importance the financial sector places on emerging technologies for sustaining economic momentum.