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2026-05-26 10:15:53
[BMI: Singapore's GDP growth may slow in the coming quarters, but BMI raises 2026 full-year forecast to 4.0%] (1) Analysts at BMI, a subsidiary of Fitch Solutions, say Singapore's GDP growth is expected to slow in the coming quarters. Higher energy costs could drag down economic activity in its major trading partners, and the outlook for non-electronic exports has weakened. (2) Oil prices could remain high if supply disruptions in the Middle East continue beyond mid-to-late June in BMI's baseline scenario, thus dampening investment and household spending in Singapore. (3) Nevertheless, BMI has raised its 2026 GDP growth forecast for Singapore from 3.0% to 4.0%, as a stronger-than-expected first-quarter economic performance could offset weaker growth for the remainder of the year.
