"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," says MTI on April 14.
Singapore's economy grew by 4.6% y-o-y in the first quarter of the year, moderating from 5.7% chalked up in the preceding quarter.
However, on a q-o-q seasonally adjusted basis, the economy contracted by 0.3%, reversing from growth of 1.3% in 4Q 2025, according to advanced estimates by the Ministry of Trade and Industry on April 14.
