{"id":264921,"date":"2026-01-30T06:28:28","date_gmt":"2026-01-30T06:28:28","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/264921\/"},"modified":"2026-01-30T06:28:28","modified_gmt":"2026-01-30T06:28:28","slug":"singapore-gdp-resilient-in-near-term-boosted-by-ai-driven-tech-demand-mas","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/264921\/","title":{"rendered":"Singapore GDP resilient in near term, boosted by AI-driven tech demand: MAS"},"content":{"rendered":"

SINGAPORE: Singapore\u2019s economy is expected to remain resilient in the near term, driven by firm demand in tech-related sectors and continued growth in construction and financial services.<\/p>\n

The Monetary Authority of Singapore (MAS) said in its latest quarterly macroeconomic review on Thursday (Jan 29) that a sustained upcycle in artificial intelligence-driven information technology is supporting economic momentum.\u00a0<\/p>\n

An AI investment boom in the United States has boosted high-tech production and export activity in economies linked to the electronics supply chain, like Singapore, the central bank said.\u00a0<\/p>\n

Given this global tailwind, tech manufacturing and wholesale trade of electronics and IT equipment are expected to continue outperforming.<\/p>\n

Non-tech industries such as construction and financial services are also likely to post firm growth, aided by lending activity and a continuous pipeline of public and private projects. The output gap is projected to stay positive in 2026, though narrower than the year before.<\/p>\n

Gross domestic product growth is expected to moderate from 2025, when the economy grew by 4.8 per cent<\/a>, MAS said.\u00a0<\/p>\n

Globally, growth is expected to ease modestly in 2026, with trade policy uncertainty receding for now and international monetary and fiscal policies likely to remain supportive.<\/p>\n

In his New Year message<\/a>, Prime Minister Lawrence Wong said Singapore\u2019s 2025 economic growth was better than expected, given fractured trade and geopolitical tensions.<\/p>\n

He had warned, however, that “sustaining this pace of growth will be challenging”, and that Singapore cannot do “more of the same” to remain competitive.<\/p>\n

GLOBAL AI BOOM<\/p>\n

The sustainability of the global AI boom will be a key factor determining Singapore\u2019s GDP growth in 2026, MAS said.\u00a0<\/p>\n

While the country does not produce graphics processing units or high-bandwidth memory chips used in AI workloads, it is integrated into the upstream AI ecosystem.<\/p>\n

For instance, Singapore produces memory chips for storing datasets for AI models, and other servers, components and networking equipment that support AI workloads.<\/p>\n

MAS said Singapore is poised to \u201cdeepen its linkages\u201d in the AI global value chain. It cited American memory chip maker Micron Technology<\/a>, which recently broke ground on an advanced wafer fabrication facility.<\/p>\n

More broadly, technology-related segments such as electronics, machinery and systems manufacturing could contribute a greater share to GDP growth this year.<\/p>\n

For example, Singapore produces semiconductors essential for electric vehicles and industrial systems. This could receive a boost as electrification and autonomous vehicles have trended globally.<\/p>\n

At the same time, global technology companies have announced investment plans for data centres and R&D facilities in ASEAN to accelerate AI adoption, which should benefit the IT and information services segment, MAS said.<\/p>\n","protected":false},"excerpt":{"rendered":"SINGAPORE: Singapore\u2019s economy is expected to remain resilient in the near term, driven by firm demand in tech-related…\n","protected":false},"author":2,"featured_media":264922,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138857,114,9575,184,3153,85,46,39217],"class_list":{"0":"post-264921","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-artificial-intellignce","9":"tag-business","10":"tag-economic-growth","11":"tag-economy","12":"tag-gdp","13":"tag-il","14":"tag-israel","15":"tag-mas"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/264921","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=264921"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/264921\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/264922"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=264921"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=264921"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=264921"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}