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. 

Singapore&rsquo;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,&nbsp; 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 &ldquo;significantly&rdquo;.
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.&nbsp;

Your Way Home with Hongbin Jeong is your 4–8pm drive companion,

Your Way Home with Hongbin Jeong is your 4–8pm drive companion, guiding you through the day’s biggest headlines, trending conversations and the issues shaping Singapore and the world.

From news and current affairs to lifestyle insights and generational perspectives, the show helps you make sense of what’s happening — with clarity, context and a touch of personality.

Whether you’re catching up after a long day or tuning in on the move, Your Way Home keeps you informed, engaged and connected — all the way home.

And she closes the day with a song that says it all.

Your Way Home with Hongbin Jeong is your 4&ndash;8pm drive companion, guiding you through the day&rsquo;s biggest headlines, trending conversations and the issues shaping Singapore and the world.
From news and current affairs to lifestyle insights and generational perspectives, the show helps you make sense of what&rsquo;s happening &mdash; with clarity, context and a touch of personality.
Whether you&rsquo;re catching up after a long day or tuning in on the move, Your Way Home keeps you informed, engaged and connected &mdash; all the way home.
And she closes the day with a song that says it all.