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2026-05-26 10:07:09
[DBS Group: Middle East Conflict Drags Down Singapore’s Energy-Intensive Industries, But AI Supports Trade; GDP Growth Forecast Remains at 2.8%] (1) DBS Group Senior Economist Chua Han Teng said in a report that Singapore’s economic performance in 2026 is expected to be mixed due to supply disruptions caused by the Middle East conflict. (2) Trade-related industries have performed well this year thanks to the artificial intelligence (AI) boom; however, energy-dependent industries will continue to face pressure from supply disruptions, with the petrochemical sector’s outlook remaining bleak in the coming quarters due to limited raw material supply. (3) Nevertheless, DBS Group maintains its forecast for Singapore’s GDP growth in 2026 at 2.8%, within the official forecast range of 2.0% to 4.0%.
