Singapore economy grows less than expected in first quarter, as Iran war darkens outlook
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Singapore's economy grew less than expected in the first quarter of 2026, with a 4.6% year-on-year growth, due to the impact of the Iran war on trade and supply chains. The country's economic growth is expected to slow down further in the coming quarters due to higher energy costs and supply disruptions.
Singapore's economy grew 4.6% year-on-year in the first quarter of 2026. The growth was lower than expected due to the Iran war. The Ministry of Trade and Industry released advance GDP estimates on April 14. The economy contracted 0.3% on a quarter-on-quarter basis. The Iran war has led to higher crude oil prices and supply chain disruptions. Economists expect the growth to slow down further in the coming quarters.
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