Singapore has raised its 2026 economic growth forecast to 4.5%–5.5% after stronger-than-expected global AI investment helped lift semiconductor demand, exports, and manufacturing output.
The upgrade turns the AI spending boom into something more concrete than rising tech valuations. For hardware manufacturers and suppliers across APAC, Singapore is showing how global AI capital spending can feed through into national growth. It also leaves those businesses more exposed if that spending cools.
AI demand is lifting Singapore’s exports and manufacturing
The new forecast is Singapore’s second upgrade this year. The Ministry of Trade and Industry…
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