Singapore Retail Growth May Slow in H2 2026, Bank Keeps 3% Forecast

According to Maybank economist Barnabas Gan on July 6, Singapore's retail sales growth may face headwinds in the second half of 2026 as mounting economic uncertainty dampens consumer spending, particularly on discretionary items like fashion and entertainment. The bank maintained its 2026 retail growth forecast at 3.0% amid elevated fuel and transport costs expected to gradually feed into broader price pressures.
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