Global uncertainties weigh on Singapore's second-quarter economic growth

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Singapore: Country's GDP grew 5.7% year on year in the second quarter of 2026, dropping from the previous quarter's 6.3% growth, according to advance estimates issued Monday. While growth remained strong, it moderated due to increased challenges from global trade concerns and geopolitical tensions.

The manufacturing sector remained the primary driver of growth, rising 12.2% from the previous year, boosted by high demand in electronics and precision engineering. However, economists warned that external threats, including as trade conflicts and slowing global demand, might dampen GDP in the coming months.

Despite the sluggish pace, the latest data indicate that Singapore's economy remains resilient. Authorities are anticipated to closely follow global trends as they examine the remainder of the year.