GDP grew 1 per cent in the first three months of this year, well above the government’s advance estimate of a 0.3 per cent contraction
2-MIN READ2-MINBloombergPublished: 9:29am, 25 May 2026Singapore’s economy expanded faster than expected in the first quarter as the global artificial-intelligence boom lifted the nation’s manufacturing and services, offsetting the drag from higher crude prices.Gross domestic product grew a seasonally adjusted 1 per cent in the three months through March from the previous quarter, the Ministry of Trade and Industry (MTI) said on Monday.
That is well above the government’s advance estimate of a 0.3 per cent contraction and the median forecast of a 0.2 per cent expansion in a Bloomberg survey.
Amid stronger-than-expected data, MTI maintained its 2026 GDP growth forecast at 2-4 per cent, in line with the outlook it set in February. That compares with 5 per cent last year.
