GDP growth may exceed forecast on tech and construction gains.
Context
What happened: eToro said Singapore GDP growth may exceed the government's 4.5% to 5.5% forecast for 2026, after growth averaged about 6% in the first three quarters on electronics exports and construction.
Key numbers: Q3 GDP 5.4% year-on-year, down from 6.2% in Q2. UOB raised its full-year forecast to 5.7% from 5.0%. RHB kept 5.0% with upside to 5.4%.
Why it matters: eToro expects the Ministry of Energy, Trade and Industry to lift its 2026 forecast next month. UOB and RHB flagged risks including higher interest rates, US tariffs, weaker wage growth and slower AI-related investment.
Why it matters
eToro expects the Ministry of Energy, Trade and Industry to lift its 2026 forecast next month. UOB and RHB flagged risks including higher interest rates, US tariffs, weaker wage growth and slower AI-related investment.