Singapore’s economy grows more than 5 percent amid AI boom

Singapore’s economy grew more than 5 percent in the most recent quarter, continuing an AI-fuelled boom that has made the city-state one of the fastest-growing advanced economies. Yeow Hwee Chua, an assistant professor of economics at NTU, described Singapore’s economic performance as “impressive for a high-income economy, especially given the uncertain global environment”. He said: “The global technology investment boom has been an important driver. Strong demand for electronics has supported manufacturing and related wholesale trade, illustrating how Singapore benefits from its position in global supply chains.”

 

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