Singapore GDP Growth Slows In Q1 2026

2026-04-14 02:01:59

(MENAFN- The Peninsula) QNA

Singapore: Singapore's economy slowed in the first quarter of the year compared with the previous quarter, according to data released on Tuesday by the Singaporeans Ministry of Trade and Industry.

In a statement, the ministry said Singapore recorded annual GDP growth of 4.6 percent in the first quarter, below the 5.7 percent registered in the final quarter of 2025.

On a quarter-on-quarter basis, Singapore's economy contracted by 0.3 percent in the first quarter, after expanding 1.3 percent in the last three months of the previous year.

The growth remained generally resilient in the first quarter, but the conflict in West Asia could weigh on economic activity in the coming months, the ministry added.

The statement indicated that detailed advance estimates of GDP for the first quarter of 2026 - including sectoral performance, sources of growth, inflation, employment and productivity, are scheduled to be released as part of Singapore's Economic Survey expected in May.

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