SINGAPORE: Singapore's economy grew by 5.7% in the second quarter from a year earlier, preliminary government data showed on Tuesday.

Economists polled by Reuters had expected annual growth of 5.5% in the April-June period.

On a quarter-on-quarter seasonally adjusted basis, GDP grew 1.1% from the first quarter of 2026, according to advance estimates from the trade ministry.

The city-state's economy grew by an annual 6.3% in the first quarter.

The trade ministry has forecast growth this year at 2% to 4%. The central bank tightened monetary policy in April due to the risk of the Iran war fuelling inflation. The next monetary policy review is due before the end of this month, but the date has not yet been announced.

In April, the central bank raised both its core and headline inflation forecasts for 2026 to a range of 1.5% to 2.5%, from 1.0% to 2.0% previously. - Reuters