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SINGAPORE - Singapore's economy beat expectations in the third quarter, supported by resilient activity in the manufacturing and domestic consumer-facing sectors.The economy grew by 2.9 per cent from the third quarter of 2025, moderating from the 4.5 peSingapore economy grows 2.9% in third quarter, beats expectations as tariff cloud clears
SINGAPORE - Singapore's economy beat expectations in the third quarter, supported by resilient activity in the manufacturing and domestic consumer-facing sectors.The economy grew by 2.9 per cent from the third quarter of 2025, moderating from the 4.5 per cent growth in the previous quarter, according to the Ministry of Trade and Industry (MTI) on Oct 14.The performance was better than expected, beating economists' forecast of two per cent growth in a Bloomberg poll.On a quarter-on-quarter seasonally adjusted basis, the economy expanded by 1.3 per cent, slightly slower than the 1.5 per cent growth in the second quarter, MTI said.In a separate release, the Monetary Authority of Singapore said the economy grew 3.9 per cent in the first three quarters of 2025, faster than the same period last year.MAS assesses that the output gap should stay positive for the year as a whole.However, the central bank added that Singapore's gross domestic product (GDP) growth is expected to «moderate from this above-trend pace in the upcoming quarters as activity normalises in the trade-related sectors». Read more