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Barnabas Gan, RHB’s group chief economist and head of market analysis, kept his 2026 GDP growth projection for Singapore at 4.5 per cent, noting that there are nonetheless risks forward. They noted that South Korea’s exports rose 45.3 per cent in the first 10 days of August, signalling that AI demand remains sturdy. Finance and insurance must also perform well, owing to regular lending and demand for wealth-management services. Higher fuel prices may reduce air and sea transport demand and make journey more expensive, slowing hotel-sector growth. Industries affected by Center East supply disruptions, particularly chemicals, petroleum and petrochemicals, may stay weak as a end result of firms have less crude oil and feedstock to work with.

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