Singapore’s economic momentum eased in the first quarter of 2026, with quarter‑on‑quarter GDP growth moderating to 1.0%, down from 1.3% in the previous quarter. The data, updated on 25 May 2026, highlight a slight cooling in the pace of expansion at the start of the year.
On a quarter‑over‑quarter basis, the latest figure reflects how the first quarter of 2026 performed relative to the final quarter of 2025, while the earlier 1.3% reading measured the performance of that previous quarter against the one before it. The softer reading suggests that, although Singapore’s economy continues to expand, the rate of growth has decelerated compared with the prior quarter’s momentum.
The moderation will likely sharpen focus on how domestic demand and external conditions evolve through the rest of 2026, as policymakers and markets assess whether the slower quarter‑on‑quarter growth is a temporary pause or an early sign of more persistent cooling.
