CNBC
25 May 2026, 05:22 UTC · 4d ago
Singapore reports lower-than-expected inflation for April at 1.8%, revises economic growth higher
Source · https://www.cnbc.com/2026/05/25/singapore-inflation-gdp-iran-war-energy.html
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CNBC
25 May 2026, 05:22 UTC · 4d ago
Source · https://www.cnbc.com/2026/05/25/singapore-inflation-gdp-iran-war-energy.html
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Singapore sharply revised its first-quarter GDP growth upward to 6%, significantly exceeding the 5.1% estimate. — Substantial GDP beats indicate stronger-than-expected economic activity, typically boosting confidence in local equities and growth prospects.
+0.60April headline inflation came in at 1.8% and core inflation at 1.4%, both lower than economist expectations. — Lower-than-expected inflation reduces the immediate pressure for aggressive monetary tightening, which is generally positive for risk assets.
+0.40The Monetary Authority of Singapore warns that imported cost pressures are expected to pick up and broaden due to Middle East developments. — Expectations of rising input and transport costs create future inflationary headwinds and potential margin compression for businesses.
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Singapore's projected full-year growth for 2026 is set between 2% and 4%, citing energy-related disruptions in the Strait of Hormuz. — Geopolitical risk in a critical shipping lane introduces uncertainty and a potential cap on the upside of economic growth.
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