Singapore's economy shows strong growth and transformation amid global challenges

Singapore's economy is experiencing exceptional growth, with the government saying there will be no 'jobless growth' even as artificial intelligence reshapes jobs. The country is targeting four industries for AI transformation, though experts say workforce readiness is a key hurdle.

At the same time, Singapore's trade minister says global 'fragility' will hit the economy. Chinese companies have overtaken U.S. companies in investment in Singapore. The country's richest 1% holds 14% of total wealth, a level the government says is 'broadly comparable' with other advanced economies.