Singapore's economic growth slows amid Middle East conflict
Singapore, July 15 -- Singapore's economy grew at a slower pace in the second quarter of 2026 as heightened uncertainty stemming from the conflict in the Middle East weighed on the trade-dependent economy, according to the country's Ministry of Trade and Industry. The ministry reported on July 14 that Singapore's gross domestic product (GDP) expanded by 5.7% year-on-year in the April-June period, easing from the 6.3% growth recorded in the first quarter. On a seasonally adjusted quarter-on-quarter basis, GDP grew by 1.1% in Q2, compared with 1.3% in the previous quarter. MTI attributed the moderation in growth primarily to slower expansion in several sectors, including construction, wholesale and retail trade, as well as transportation an...
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