Singapore Q1 GDP Expands 1%, Beating 0.2% Estimate as AI Boom Lifts Economy
Singapore’s economy expanded faster than expected in the first quarter, with gross domestic product rising 1% from the previous quarter, compared with a 0.2% estimate. A global AI boom lifted the nation’s manufacturing and services sectors, helping offset the drag from higher crude prices.
A central bank official said the existing monetary policy stance is adequate and that economic projections and output gap analysis are broadly in line with earlier expectations.
From the sources (6 posts)
@businessSingapore’s economy expanded faster-than-expanded in the first quarter as the global AI boom lifted the nation’s manufacturing and services, offsetting the drag from higher crude prices
@firstsquawkSingapore Q1 GDP (Q/Q): 1% (est 0.2%)
@firstsquawkSingapore CB official reiterates that the existing monetary policy stance is adequate.
@firstsquawkSingapore CB official notes that economic projections and output gap analysis are broadly in line with earlier expectations.
@polymarketJUST IN: Singapore’s economy grew 6% year over year in Q1, beating the official advance estimate.
@firstsquawkSingapore’s economy grows on back of AI boom, defying Iran war slowdown-SCMP