SINGAPORE -- Singapore's economy grew 2.9% in the July-September period from a year earlier, preliminary data showed on Tuesday, slowing from a 4.5% expansion in the previous quarter as "reciprocal" U.S. tariffs in effect from August weighed on the manufacturing sector.
Economy
Singapore Q3 GDP growth slows to 2.9% as US tariffs kick in
Robust service sectors and construction offset downturn in manufacturing
Singapore's government said "Growth was weighed down by output declines in the biomedical manufacturing and general manufacturing cluster" . (Photo by Fumito Akiyama)
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