{"id":71665,"date":"2026-04-15T09:07:16","date_gmt":"2026-04-15T02:07:16","guid":{"rendered":"https:\/\/hbbgroup.net\/singapore-growth-resilience-faces-external-risks-dbs\/"},"modified":"2026-04-15T09:07:16","modified_gmt":"2026-04-15T02:07:16","slug":"singapore-growth-resilience-faces-external-risks-dbs","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/singapore-growth-resilience-faces-external-risks-dbs\/","title":{"rendered":"Singapore: Growth resilience faces external risks \u2013 DBS"},"content":{"rendered":"<div id=\"post-content-section\">\n<p>DBS economist Chua Han Teng highlights that Singapore\u2019s 1Q26 <a href=\"https:\/\/www.fxstreet.com\/economic-calendar\" data-fxs-autoanchor>GDP<\/a> growth was resilient, with real GDP up 4.6% year-on-year, but warns that the Iran war shock and global slowdown pose downside risks. DBS maintains its 2026 real GDP growth forecast at 2.8%, broadly aligned with MAS expectations for the output gap to average around zero as growth slows through 2026.<\/p>\n<h2>Firm start but outlook softens<\/h2>\n<p>&#8220;Singapore\u2019s economy entered 2026 on a firm footing, reflected in resilient real GDP growth of 4.6% yoy and -0.3% qoq sa in 1Q26 (but slower than 5.7% yoy and 1.3% qoq sa in 4Q25), according to MTI\u2019s advance estimates.&#8221;<\/p>\n<p>&#8220;The MAS\u2019s decision also came amid still-resilient near-term economic growth dynamics, but with significant downside uncertainties in the coming quarters.&#8221;<\/p>\n<p>&#8220;We expect this resilience to be tested as the year progresses, with the highly open economy facing renewed geopolitical shocks.&#8221;<\/p>\n<p>&#8220;We maintain our 2026 real GDP growth forecast at 2.8%, but see downside external risks.&#8221;<\/p>\n<p>&#8220;Overall, our Singapore growth expectations appear aligned with the MAS\u2019s view for GDP growth to slow over the course of 2026.&#8221;<\/p>\n<p><em>(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)<\/em><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>DBS economist Chua Han Teng highlights that Singapore\u2019s 1Q26 GDP growth was resilient, with real GDP up 4.6% year-on-year, but [&hellip;]<\/p>","protected":false},"author":5,"featured_media":71666,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[222],"tags":[],"class_list":["post-71665","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ngoai-hoi"],"acf":[],"_links":{"self":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/71665","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/comments?post=71665"}],"version-history":[{"count":0,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/71665\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media\/71666"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media?parent=71665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/categories?post=71665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/tags?post=71665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}