Singapore’s economy grows more than 5.0pc 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: “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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