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APAC Economic Comment: ASEAN Weekly: Two growth beats, two budgets-20260819
瑞银· 2026-08-19 10:51
At a high level, the latest data tell a similar story in Singapore and Malaysia: growth continues to surprise on the upside. Malaysia's revised Q2 GDP growth was raised to 6.0% y/y (from 5.8% in the advance estimate), while Singapore's economy expanded 5.9% y/y in Q2 (from 5.7% in the advance estimate). The stronger-than-expected outturn prompted both governments to raise their growth forecasts. Malaysia now expects growth to come in close to 5%, while MAS/MTI upgraded Singapore's 2026 GDP growth forecast t ...