Singapore’s economy grows more than 5 percent amid AI boom | Business and Economy News | Al Jazeera

Singapore’s economy grew by 5.4 percent year-on-year between July and September, driven by a 7.5 percent increase in manufacturing, particularly in semiconductors, electronics, and precision engineering. Construction, including AI-related investments such as data centers, expanded by 8.8 percent. Despite the rapid growth, the Monetary Authority of Singapore kept monetary policy unchanged, expecting AI-driven growth to ease in 2027 and core inflation to average 1.5–2.0 percent in 2026.