📊Executive Summary

Singapore's economy grew by 2.9% in Q3 2025, surpassing forecasts, driven by manufacturing and domestic consumer sectors. Despite a flat year-on-year manufacturing output, a construction boom and supportive financial conditions have cushioned the economy against US tariffs and export slumps. Economists are optimistic, raising growth forecasts, particularly due to a boom in capital spending on AI, which supports electronics exports. The article highlights that a significant portion of electronics exports is exempt from tariffs, suggesting a potential advantage for procurement in the electronics sector....