SINGAPORE – Singapore’s economy grew by 4.6 per cent year-on-year in the first quarter of 2026, even as the Iran war broke in late February and moderating from the 5.7 per cent growth in the previous quarter according to advance estimates released by the Ministry of Trade and Industry (MTI) on April 14.
Bloomberg had a consensus estimate of 5.9 per cent growth for the first quarter.
On a quarter-on-quarter seasonally-adjusted basis, the economy contracted by 0.3 per cent, a reversal from the 1.3 per cent expansion in the fourth quarter of 2025.
“While GDP growth remained resilient in the first quarter of 2026, the US-Israel-Iran conflict that began in end-February may weigh on economic activity in the coming quarters,” MTI said.
