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AI Boom Set to Drive Singapore Growth as High as 5.5% This Year

Bloomberg Technology Tuesday 11 August 2026, 00:00 UTC By Srinidhi Ragavendran and Claire Jiao 1 min read
Key Points

AI Boom Set to Drive Singapore Growth as High as 5.5% This Year Singapore upgraded its economic growth forecast for this year as the artificial intelligence boom lifts trade, offsetting the drag from continued fighting in the Middle East. Gross domestic product is expected to come in at 4.5%-5.5% this year, the Ministry of Trade and Industry said on Tuesday, raising the 2%-4% estimate it set back in February before the outbreak of the war in Iran.

AI Boom Set to Drive Singapore Growth as High as 5.5% This Year Singapore upgraded its economic growth forecast for this year as the artificial intelligence boom lifts trade, offsetting the drag from continued fighting in the Middle East. Gross domestic product is expected to come in at 4.5%-5.5% this year, the Ministry of Trade and Industry said on Tuesday, raising the 2%-4% estimate it set back in February before the outbreak of the war in Iran.
AI Boom Set to (ORG) Singapore (LOCATION) the Middle East (LOCATION) the Ministry of Trade and Industry (ORG) Iran (LOCATION)
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