The Big Story: MTI holds 2026 forecast at 2-4% - But could geopolitical risks derail growth?

Singapore’s economy is growing faster than expected, but storm clouds are gathering globally. The economy expanded by 6 per cent in the first quarter of the year,  driven by strong demand linked to artificial intelligence, electronics and finance. In fact, the numbers were strong enough for the Ministry of Trade and Industry to keep its full-year growth forecast at 2 to 4 per cent. But at the very same time, MTI is also warning that downside risks have risen “significantly”. Why? What does all of this actually mean for our everyday lives? And can Singapore continue riding the AI boom while the global economy becomes increasingly uncertain? On The Big Story, Hongbin Jeong speaks to Song Seng Wun, economic advisor at Singapore-based fintech firm SDAX, to find out more. See omnystudio.com/listener for privacy information.