{"id":932204,"date":"2026-10-14T02:58:10","date_gmt":"2026-10-14T02:58:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/932204\/"},"modified":"2026-10-14T02:58:10","modified_gmt":"2026-10-14T02:58:10","slug":"singapore-q3-gdp-growth-beats-estimates","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/932204\/","title":{"rendered":"Singapore Q3 GDP growth beats estimates"},"content":{"rendered":"

Singapore’s economic expansion decelerated in the third quarter of 2026, with GDP growth dropping to 5.4% after hitting a four-year high in the last quarter.<\/p>\n

However, the GDP print beat expectations of a 5% growth from economists polled by Reuters. <\/p>\n

Government data showed<\/a> a decline in the country’s manufacturing sector, although this was offset by an expansion in construction. Manufacturing is one of the city-state’s largest sectors, contributing about 20% of its GDP.<\/a> <\/p>\n

Singapore back in August had lifted its annual economic growth forecast as AI-related sectors and exports powered its economy to beat expectations for the first two quarters of the year. This forecast is still mantain <\/p>\n

GDP growth for 2026<\/a> is expected to come in at 4.5% to 5.5%, more than double the lower end of its previous forecast of 2%-4%. <\/p>\n

This has been the second time Singapore has upgraded its growth estimates. At the start of the year, the country’s ministry of trade and industry had estimated growth at 1%-3%<\/a>. <\/p>\n

The GDP numbers come as the Monetary Authority of Singapore held its monetary policy steady, marking a pause after two straight rounds of tightening. <\/p>\n

The city-state had tightened its policy in back to back in April and July, citing inflation risks due to higher energy prices. <\/p>\n

The MAS still projects inflation will remain high in the near term due to higher energy and food prices, then ease from mid-2027 “as import costs ebb and domestic price pressures stay subdued.”<\/p>\n

“The Singapore economy should continue to expand at a firm pace in the immediate quarters ahead, and moderate thereafter as the AI cycle eases from its exceptional pace and global financial conditions tighten,” the MAS added.<\/p>\n

Singapore does not use an interest rate to set monetary policy. Instead, it manages the Singapore dollar against a basket of currencies belonging to the country’s major trading partners, allowing the exchange rate to fluctuate within an undisclosed policy band.<\/p>\n

This is breaking news, please check back for updates.<\/p>\n","protected":false},"excerpt":{"rendered":"Singapore’s economic expansion decelerated in the third quarter of 2026, with GDP growth dropping to 5.4% after hitting…\n","protected":false},"author":2,"featured_media":932205,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[4989,12922,45,161,49,48,2294,46,5897,14829,3849],"class_list":["post-932204","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-asia-economy","tag-breaking-news-asia","tag-business","tag-business-news","tag-ca","tag-canada","tag-economic-events","tag-economy","tag-iran","tag-prices","tag-singapore"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/932204","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=932204"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/932204\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/932205"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=932204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=932204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=932204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}