Singapore GDP growth slows in Q3
Singapore's GDP growth slowed to 5.4% in the third quarter of 2026, surpassing economists' expectations of 5%. Despite a decline in the manufacturing sector, which accounts for 20% of the output, the construction and building sectors experienced expansion. Singapore raised its annual growth forecast to between 4.5% and 5.5%, up from previous estimates. Inflation expectations remain temporarily high due to rising energy and food prices, but are expected to decline starting mid-2027. The central bank kept its monetary policy unchanged and manages the Singapore dollar’s exchange rate against a basket of major currencies to avoid raising interest rates.
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