Singapore: Resilient GDP and strong NODX – DBS
The post Singapore: Resilient GDP and strong NODX – DBS appeared on BitcoinEthereumNews.com. DBS economists Radhika Rao and Mo Ji forecast Singapore’s advance 2Q26 Gross Domestic Product (GDP) growth at 5.8% year-on-year and 1.5% quarter-on-quarter seasonally adjusted, slightly below 1Q26 but still resilient. They cite strong manufacturing and wholesale trade on AI-related electronics demand, robust modern services and construction, and expect non-oil domestic exports to post a fourth consecutive month of double-digit growth despite a slowdown from May. AI demand underpins growth outlook “We expect Singapore’s advance GDP growth estimate for 2Q26 to register 5.8% yoy, 1.5% qoq sa, remaining resilient compared with 6.0% yoy, 1.0% qoq sa in 1Q26.” “Manufacturing accelerated, while wholesale trade performed well despite some moderation, driven by robust global demand for artificial intelligence (AI)-related electronics.” “Modern services remained resilient, supported by continued momentum