Singapore economy slows in Q3, US tariffs weigh on manufacturing | Business

SINGAPORE, Oct 14, 2025 (BSS/AFP) - Singapore's economy expanded 2.9 percent in the third quarter, slowing down from the previous three months, preliminary official data showed Tuesday, as US tariffs weighed on key manufacturing sectors. Southeast Asia's second-largest economy is heavily reliant on international trade and is vulnerable to any global slowdown induced by the tariffs, even though it only faces a baseline 10 percent levy from US President Donald Trump. While beating economists' forecasts, the gross domestic product (GDP) growth for July-September was the slowest this year, according to trade ministry data. GDP grew 4.1 percent in the first quarter and 4.5 percent in the second. Singapore's export-driven manufacturing sector was flat year-on-year in the third quarter, compared with...