The Middle East conflict may weigh on economic activity in the coming quarters, says the Ministry of Trade and Industry. SINGAPORE: Singapore’s gross domestic product (GDP) expanded by 4.6 per cent year-on-year in the first quarter of 2026, moderating from the 5.7 per cent growth recorded in the previous quarter, according to advanced estimates released by the Ministry of Trade and Industry (MTI) on Tuesday (Apr 14). On a quarter-on-quarter seasonally adjusted basis, the economy contracted by 0.