Singapore Is BOOMING… But We’re Becoming Two Economies
Singapore’s latest economic numbers look fantastic.
🇸🇬 Q2 GDP grew 5.9% year-on-year.
📈 First-half GDP grew 6.1%.
🚢 July non-oil domestic exports surged 24.2%.
But look underneath the headline and something extraordinary is happening.
💻 Electronics exports: +112%
📉 Non-electronics exports: -2.3%
AI-related sectors such as semiconductors, data centres, computers and precision engineering are booming, while several traditional industries are struggling.
This is what a K-shaped economy can look like.
One side of the economy rides the AI wave upwards. The other risks being left behind.
And this isn’t just about companies. It could increasingly affect our careers, businesses, incomes and investments.
I believe the AI build-out could be a multi-year economic transformation. The opportunity for Singapore is enormous — but the benefits won’t necessarily reach everybody equally.
The question for every one of us is:
Which side of the K will you be on?
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