News Summary

• Singapore’s 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.
• 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.
• Singapore is a major global player in the booming chip sector, a position that has helped it weather choppy economic conditions.