Singapore economy to stay firm for rest of 2026 as AI boom cushions oil shocks, new US tariff: MAS
The Monetary Authority of Singapore reports that the national economy is expected to remain resilient through 2026, driven largely by the global AI boom. While tech-related sectors are offsetting headwinds from energy costs and US tariffs, the central bank warns of potential overvaluation in AI-related earnings.
Why it matters
This highlights the critical role of the semiconductor and AI infrastructure supply chain in stabilizing national economies against geopolitical and trade-related shocks.
Singapore's tech sector continued to grow faster than usual and is expected to drive most of the country's economic growth this year.
A view of the skyline in Singapore on Sep 17, 2024. (File photo: Reuters/Caroline Chia)
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