J.P. Morgan Chase raised economic growth expectations for Singapore and Malaysia after the AI boom boosted better-than-expected results in the second quarter. J.P. Morgan economists raised Singapore's 2026 GDP growth forecast to 5.4% from 4.6% previously, mainly due to strong technological production. Chanon Boonnucci, Jindy Kai, and Siddhartha Jamad, for example, wrote in a note that the 2027 growth forecast was also raised from 2.5% to 4%. Malaysia raised its 2026 GDP growth forecast from 5.3% to 5.5%, higher than the 4%-5% range previously predicted by the central bank. Unlike previous quarters, manufacturing growth was driven by a combination of technical and unskilled production. J.P. Morgan Chase reiterated its call to raise interest rates in the fourth quarter.

J.P. Morgan Chase raised economic growth expectations for Singapore and Malaysia after the AI boom boosted better-than-expected results in the second quarter. Economists at J.P. Morgan raised Singapore's 2026 GDP growth forecast to 5.4% from 4.6% previously, mainly due to strong technological production. Chanon Boonnucci, Jindy Kai, and Siddhartha Jamad, for example, wrote in a note that the 2027 growth forecast was also raised from 2.5% to 4%. Malaysia raised its 2026 GDP growth forecast from 5.3% to 5.5%, higher than the 4%-5% range previously predicted by the central bank. Unlike previous quarters, manufacturing growth was driven by a combination of technical and unskilled production. J.P. Morgan Chase reiterated its call to raise interest rates in the fourth quarter.