Singapore’s economy beats expectations as gov’t warns of Iran war fallout
Key takeaways
- GDP grows 6 percent year-on-year in first quarter as AI boom outweighs rising energy costs.
- Singapore’s gross domestic product (GDP) expanded 6 percent year-on-year in the first quarter, the Ministry of Trade and Industry said on Monday, comfortably beating an official advance estimate of 4.6 percent.
- On a seasonally adjusted basis, GDP grew 1 percent from the previous quarter.
Why this matters: an international story with cross-border implications worth tracking.
GDP grows 6 percent year-on-year in first quarter as AI boom outweighs rising energy costs.
xwhatsapp-strokecopylinkgoogle Add Al Jazeera on Googleinfo Singapore is a major world producer of semiconductors and semiconductor equipment [File: Wong Maye-E/AP]By John Power Published On 25 May 202625 May 2026Singapore’s economy has grown faster than expected in the first three months of the year as furious demand for AI chips has outweighed the fallout of the US-Israel war on Iran.
Singapore’s gross domestic product (GDP) expanded 6 percent year-on-year in the first quarter, the Ministry of Trade and Industry said on Monday, comfortably beating an official advance estimate of 4.6 percent.