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Singapore's economy grew 4.1% YoY in Q3 2024, driven by 7.5% manufacturing growth, mainly due to AI-linked chip demand.
Singapore's economy grew 4.1% year-on-year in Q3 2024, outperforming expectations of less than 4%.
This growth was primarily driven by a 7.5% rebound in the manufacturing sector, particularly due to increased demand for computer chips linked to artificial intelligence.
The construction sector grew 3.1%, while the growth of services industries slowed slightly.
The Monetary Authority of Singapore plans to maintain its current monetary policy as inflation risks stabilize.
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La economía de Singapur creció 4,1% YoY en el tercer trimestre de 2024, impulsado por un crecimiento manufacturero del 7,5%, principalmente debido a la demanda de chips vinculados a la IA.