Singapore's Ministry of Trade and Industry released advance estimates on the 14th showing second-quarter gross domestic product rose 5.7% from a year earlier, exceeding the 5.5% median forecast in a Reuters poll of economists. On a seasonally adjusted quarter-on-quarter basis, the economy expanded 1.1%. First-quarter growth was 6.3% year-on-year. The ministry expects growth of 2% to 4% in 2026. The Monetary Authority of Singapore tightened policy in April, citing the risk that the Iran conflict could accelerate inflation, and raised its 2026 forecasts for both core and headline inflation to 1.5% to 2.5%, from 1.0% to 2.0% previously. The next policy review is due by the end of this month, though a date has yet to be announced.