![](\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2026\/10\/jp-1730786685-rotated.jpg\")
<\/a><\/p>\nPublished On 14 Oct 202614 Oct 2026<\/p>\n
Singapore\u2019s 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.<\/p>\n
Gross domestic product (GDP) grew 5.4 percent year-on-year between July and September, down from a 6.2 percent expansion in the second quarter, according to advance government estimates released on Wednesday.<\/p>\n
Recommended Stories list of 4 itemsend of list<\/p>\n
Manufacturing, which is dominated by the city-state\u2019s semiconductor industry, grew 7.5 percent, according to the estimates from the Ministry of Trade and Industry.<\/p>\n
Increased output in \u201celectronics, precision engineering, transport engineering and general manufacturing clusters\u201d drove growth, the ministry said, offsetting declines in the chemicals and biomedical sectors.<\/p>\n
Construction, including AI-related investments such as data centres, expanded 8.8 per cent, according to the figures.<\/p>\n
Despite the heady expansion, Singapore\u2019s central bank left its monetary policy settings untouched in its latest announcement on Wednesday, citing expectations that AI demand will cool in 2027.<\/p>\n
The Monetary Authority of Singapore, which manages monetary policy through currency exchange rates rather than interest rates, said it expected core inflation to average 1.5\u20132.0 percent in 2026.<\/p>\n
\u201cGlobal AI-driven growth is expected to ease in the latter half of next year from its current exceptional pace, while higher interest rates, amid elevated inflation in the advanced economies, would weigh on final demand growth,\u201d the central bank said in a statement.<\/p>\n
Singapore is a major global player in the booming chip sector, a position that has helped it weather choppy economic conditions, including the energy shock prompted by the US-Israel war on Iran.<\/p>\n
The Southeast Asian city-state accounts for roughly 10 percent of global semiconductor output and 20 percent of semiconductor equipment production, according to government figures.<\/p>\n
Yeow Hwee Chua, an assistant professor of economics at Nanyang Technological University, described Singapore\u2019s economic performance as \u201cimpressive for a high-income economy, especially given the uncertain global environment\u201d.<\/p>\n
\u201cThe global technology investment boom has been an important driver,\u201d Chua told Al Jazeera.<\/p>\n
\u201cStrong demand for electronics has supported manufacturing and related wholesale trade, illustrating how Singapore benefits from its position in global supply chains,\u201d he said.<\/p>\n
Singapore\u2019s economy is expected to grow 5 percent in 2026, according to the IMF\u2019s latest economic forecast, faster than any other advanced economy except Taiwan.<\/p>\n
The city-state\u2019s GDP grew 5 percent in 2025, its second straight year of growth above 5 percent \u2013 the first such streak since 2010 and 2011.<\/p>\n","protected":false},"excerpt":{"rendered":"City-state\u2019s GDP expands 5.4 percent in July-September quarter, according to advance government estimates. Published On 14 Oct 202614…\n","protected":false},"author":2,"featured_media":881791,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[1204,28,4868,101,3139,3,3997],"class_list":["post-881790","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-asia-pacific","tag-business","tag-business-and-economy","tag-economy","tag-international-trade","tag-news","tag-singapore"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/881790","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=881790"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/881790\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/881791"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=881790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=881790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=881790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}