新加坡经济在2026年第三季度的扩张放缓，GDP增长率降至5.4%，此前在上一季度达到四年高点。
Singapore's economic expansion decelerated in the third quarter of 2026, with GDP growth dropping to 5.4% after hitting a four-year high in the last quarter.
然而，该GDP数据超过了路透社调查的经济学家预期的5%增长。
However, the GDP print beat expectations of a 5% growth from economists polled by Reuters.
政府数据显示，该国制造业出现下降，尽管这一下降被建筑业的扩张所抵消。制造业是该城邦最大的行业之一，约占其GDP的20%。
Government data showed a decline in the country's manufacturing sector, although this was offset by an expansion in construction. Manufacturing is one of the city-state's largest sectors, contributing about 20% of its GDP.
新加坡在8月曾因AI相关行业和出口推动经济，上半年表现超出预期而上调了全年经济增长预测。该预测仍维持，2026年GDP增长预计将达到4.5%至5.5%，超过其之前预测区间2%-4%下限的两倍多。
Singapore back in August had lifted its annual economic growth forecast as AI-related sectors and exports powered its economy to beat expectations for the first two quarters of the year. This forecast is still mantain GDP growth for 2026 is expected to come in at 4.5% to 5.5%, more than double the lower end of its previous forecast of 2%-4%.
这是新加坡第二次上调增长预估。年初时，该国贸工部曾将增长预估设定为1%-3%。
This has been the second time Singapore has upgraded its growth estimates. At the start of the year, the country's ministry of trade and industry had estimated growth at 1%-3%.
在新加坡金融管理局维持货币政策不变之际，GDP数据随之发布，这标志着在连续两轮紧缩政策之后的一次暂停。
The GDP numbers come as the Monetary Authority of Singapore held its monetary policy steady, marking a pause after two straight rounds of tightening.
该城邦曾在4月和7月连续两次收紧政策，理由是能源价格上涨带来的通胀风险。
The city-state had tightened its policy in back to back in April and July, citing inflation risks due to higher energy prices.
新加坡金融管理局仍预测，由于能源和食品价格上涨，通胀在短期内将保持高位，然后将从2027年中开始缓解，“随着进口成本回落和国内价格压力保持低位。”金融管理局还补充道：“新加坡经济应在接下来的几个季度内继续以稳健步伐扩张，随后随着AI周期从其卓越步伐中回落以及全球金融条件收紧而适度放缓。”
The MAS still projects inflation will remain high in the near term due to higher energy and food prices, then ease from mid-2027 "as import costs ebb and domestic price pressures stay subdued." "The Singapore economy should continue to expand at a firm pace in the immediate quarters ahead, and moderate thereafter as the AI cycle eases from its exceptional pace and global financial conditions tighten," the MAS added.
新加坡并不利用利率来制定货币政策。相反，它通过管理新加坡元对一篮子货币的汇率来实现调控，该篮子货币属于该国的主要贸易伙伴，允许汇率在一个未公开的政策区间内波动。
Singapore does not use an interest rate to set monetary policy. Instead, it manages the Singapore dollar against a basket of currencies belonging to the country's major trading partners, allowing the exchange rate to fluctuate within an undisclosed policy band.