{"id":18922,"date":"2025-12-12T07:54:40","date_gmt":"2025-12-11T23:54:40","guid":{"rendered":"https:\/\/sgbuzz.com\/?p=18922"},"modified":"2025-12-12T07:54:40","modified_gmt":"2025-12-11T23:54:40","slug":"ai-boom-low-rates-construction-growth-defy-tariff-risks-minichart","status":"publish","type":"post","link":"https:\/\/sgbuzz.com\/?p=18922","title":{"rendered":"AI Boom, Low Rates &#038; Construction Growth Defy Tariff Risks \u2013 Minichart"},"content":{"rendered":"<p><br \/>\n<\/p>\n<div>\n<p>Broker Name: Maybank Research Pte Ltd<br \/>Date of Report: December 9, 2025<br \/>Excerpt from Maybank Research Pte Ltd report.<\/p>\n<h2>Report Summary<\/h2>\n<ul>\n<li>Singapore\u2019s GDP growth is forecasted to remain resilient at 2.8% in 2026 and 2.9% in 2027, supported by falling interest rates, a booming AI sector, and a multi-year construction upswing.<\/li>\n<li>The AI boom is driving robust electronics exports and investments, with Singapore strengthening its position in the global AI supply chain and attracting major tech and R&amp;D investments.<\/li>\n<li>Construction growth is expected to accelerate to 6% in 2026, with major projects in transport, housing, integrated resorts, and climate infrastructure sustaining activity through 2030.<\/li>\n<li>Core inflation is projected to normalize to 1.3% and headline inflation to 1.4% in 2026, with the Monetary Authority of Singapore (MAS) likely maintaining a modest appreciation stance, but may tighten policy if inflation surprises on the upside.<\/li>\n<li>Fiscal space is ample, with strong government revenue growth and potential support measures in Budget FY2026 to address cost pressures and promote skills training.<\/li>\n<li>Risks include possible fresh US tariffs on semiconductors and pharmaceuticals and property market cooling measures if housing prices surge excessively.<\/li>\n<li>Financial market activity, loan growth, and retail sales are buoyant, but the F&amp;B sector remains weak amid competition and rising costs.<\/li>\n<li>Singapore leads ASEAN in AI and cloud spending, with rising adoption rates among businesses, boosting productivity and infocomm services.<\/li>\n<li>Private property sales and prices are rising due to low mortgage rates, but speculative activity remains muted and government may intervene if needed.<\/li>\n<li>Key macro indicators show stable unemployment, strong current account and fiscal balance, and falling interest rates supporting economic activity.<\/li>\n<\/ul>\n<p> Above is an excerpt from a report by Maybank Research Pte Ltd. Clients of Maybank Research Pte Ltd can be the first to access the full report from the Maybank website\u00a0: <a href=\"https:\/\/www.maybank.com\/investment-banking\" target=\"_blank\" rel=\"noopener\">https:\/\/www.maybank.com\/investment-banking<\/a> <\/p>\n<p>                <!-- .post-tags -->\n            <\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.minichart.com.sg\/2025\/12\/11\/singapore-2026-economic-outlook-ai-boom-low-rates-construction-growth-defy-tariff-risks\/\" target=\"_blank\" rel=\"noopener\">Read Full Article At Source <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Broker Name: Maybank Research Pte LtdDate of Report: December 9, 2025Excerpt from Maybank Research Pte Ltd report. Report Summary Singapore\u2019s GDP growth is forecasted to&#8230;<\/p>\n","protected":false},"author":1,"featured_media":1864,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[2611],"tags":[],"class_list":["post-18922","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buzz-headlines","wpcat-2611-id"],"_links":{"self":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/18922","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18922"}],"version-history":[{"count":0,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/18922\/revisions"}],"wp:attachment":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18922"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18922"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18922"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}