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Singapore’s economy grew stronger than expected in Q1 2026, with GDP expanding 6% year-on-year, supported by the global AI boom.
The Ministry of Trade and Industry said demand for AI chips, server components, and data center infrastructure boosted manufacturing, wholesale trade, and electronics.
Despite the strong start, Singapore kept its 2026 growth forecast at 2% to 4%, citing geopolitical risks and global trade disruptions.
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