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Nomura: Singapore’s robust economic growth is expected to continue

Nomura: Singapore’s robust economic growth is expected to continue

老虎证券老虎证券2026/05/27 06:51
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They stated that propelled by the service and manufacturing sectors, Singapore's Ministry of Trade and Industry significantly raised the first quarter GDP growth rate, indicating the country's continued resilience in the face of external adverse factors. They added that despite the outbreak of the Iran war, multiple growth engines will remain intact, partly because global technology and the continuously expanding AI-related demand continue to boost electronics production. Nomura has raised its GDP growth forecast for 2026 from 3.7% to 4.6%, and its forecast for 2027 from the previous 2.6% to 3.0%. They noted that growth in domestic-oriented industries is also likely to remain robust, with strong manufacturing spilling over into the service sector.
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Portugal's trade deficit narrowed to 2.99 billion euros in August, with export growth surpassing imports.