Singapore’s central bank, the Monetary Authority of Singapore (MAS), warns that uncertainty around sustaining large-scale AI investment poses a risk to global growth and financial markets. In its assessment of external conditions, MAS highlights that the scale and durability of technology spending—particularly related to artificial intelligence—could affect economic activity and market sentiment if investment plans are scaled back or delayed.
MAS also flags geopolitical risk, saying there is concern over the possibility of a prolonged re-escalation of the war in the Middle East. The central bank links this to potential spillovers into global trade, risk pricing, and broader financial conditions.
The two reports summarize the same MAS message: both point to AI-related investment uncertainty and ongoing Middle East tensions as key factors that could influence global markets. MAS’s warning is presented as part of its broader view of risks facing growth and the financial system, with both technological and geopolitical developments cited as important external threats.
