Singapore's economic growth has decelerated in the third quarter of 2025, with GDP growth registering at 2.9%, down from the 4.4% growth observed in the second quarter of the same year. This update, released on October 14, 2025, comes after a comparison with the same period from the previous year, reflecting a notable slowdown as the city-state grapples with various global economic challenges.
This year-over-year decline suggests that Singapore's economy is feeling the impacts of tightening global financial conditions and subdued external demand. With the global economy facing headwinds such as geopolitical tensions and sluggish recovery in key markets, Singapore's export-dependent economy is experiencing a dampened appetite in international trade.
Economists are closely watching how these developments will affect Singapore's economic outlook for the remainder of the year and into 2026. While certain sectors like technology and finance continue to be robust, there is heightened focus on how policymakers might navigate these challenges to drive future economic growth amid ongoing uncertainties in the global economic landscape.
