Economists raise GDP growth forecast to 5.0% for 2026: MAS survey

Economists have sharply raised Singapore's growth forecast for this year to 5%, up from 3.5% previously. The upgrade comes after a strong tech cycle helped boost first-half performance. Singapore's economy expanded 5.9% year-on-year in the second quarter. That’s well above the 4.3% economists had forecast in the central bank's quarterly survey. Germaine Wong reports. CNA also spoke with Chua Han Teng, Senior Economist with DBS Bank for his insights on the latest numbers.