Singapore revises its annual growth forecast sharply higher on AI-related boost

GDP growth for 2026 is now expected to come in at 4.5% to 5.5%, more than double the low end of its previous forecast of 2%-4%

EconomyGlobal AI boom boosts exports, but officials wary of a potential pullbackA container terminal in Singapore. The country's electronics sector has gained from global AI-related demand. © ReutersDYLAN LOHAugust 11, 2026 09:04 JSTSINGAPORE -- Singapore's economy expanded 5.9% in the April-June quarter from a year ea

The Ministry of Trade and Industry said the outlook for the rest of the year has improved due to stronger AI-related spending and a less severe-than-feared impact from the Middle East conflict.

Peru's MEF raises 2026 GDP growth forecast to 3.5% from 3.2%, while the minimum wage is set to rise to S/ 1,300 in two tranches.