Singapore growth to hold firm but AI boom a ‘major uncertainty’: central bank

AI Summary

Singapore's economic growth is expected to remain solid in the latter half of 2026, supported by robust global AI demand, according to the Monetary Authority of Singapore. However, uncertainties persist due to the sustainability of the AI investment boom and geopolitical risks from the Middle East conflict.

Singapore’s economic growth should remain firm in the second half of 2026 although a major uncertainty is the sustainability of the AI investment boom, the head of its central bank said on Tuesday. Monetary Authority of Singapore (MAS) Managing Director Chia Der Jiun, speaking at the release ‌of the central bank’s annual report, said the Middle East conflict also posed risks, but for now global AI-related demand was “likely to continue to provide a meaningful boost” to the city state while other...