Economic Overview - Singapore's economy grew by 2.9% year-on-year in Q3 2025, a decrease from the revised 4.4% growth in Q2, but still above market expectations of 2% [1] - The quarterly seasonally adjusted growth was 1.3%, slightly lower than Q2's 1.5%, indicating a continued recovery trend [1] Sector Performance - Manufacturing sector growth was nearly stagnant in Q3, significantly down from 5.5% in Q2, primarily due to declines in biomedical manufacturing and general manufacturing output [1] - However, the manufacturing sector showed a positive change with a 6.1% quarter-on-quarter growth in Q3, indicating adaptation to market changes [1] Construction Industry - The construction industry experienced a 3.1% year-on-year growth in Q3, a significant slowdown compared to Q2 [2] - Despite growth from public and private sector construction, the industry faced short-term pressure with a 1.2% quarter-on-quarter contraction in Q3 [2] Services Sector - The services sector showed mixed performance, with wholesale and retail trade, and transportation and warehousing growing by 2.5% year-on-year, down from 4.9% in Q2 [2] - Core service sectors such as information and communication, finance and insurance, and professional services maintained robust growth at 4.4%, consistent with Q2's performance [2] Other Services - Other service sectors, including accommodation and food services, real estate, and administrative support, grew by 4.1% year-on-year, stable compared to Q2 [3] - The recovery of international tourist numbers significantly boosted the accommodation sector, supported by stable domestic consumption [3] Economic Outlook - Despite the resilience shown in Q3, global economic uncertainties remain a significant risk factor [3] - The Monetary Authority of Singapore decided to maintain the nominal effective exchange rate policy to balance potential inflation risks with economic growth uncertainties [3] - Long-term economic growth in Singapore will continue to be influenced by global economic conditions, trade tensions, and policy adjustments in major economies [3]

阿塞拜疆"Caliber"网9月12日报道,阿塞拜疆国家统计委员会数据显示， 2025年1-8月，阿GDP达830.4亿马纳特（488.5亿美元），同比增长1%。其 中，油气行业产值下降2.1%，非油气行业产值增长2.6%。各行业占GDP比重如 下：工业占34.9%，贸易及汽车修理业占10.3%，运输仓储业占7.1%，农林渔 业占6.3%，建筑业占6.3%，旅游住宿和餐饮业占2.8%，信息和通信业占 1.8%，其他行业占20.7%。 （原标题：1-8月阿塞拜疆GDP同比增长1%） ...

（原标题：加纳二季度经济增长6.3%） 据加纳"乐在线"新闻网9月10日报道，根据加统计局的初步统计，加二季度经济增长率达6.3%，主 要受服务业增长推动，该行业二季度增长率为9.9%，在国民经济中占比最高。服务业中增长最快的五 大细分行业为信息和通信（21.3%）、教育（16.6%）、卫生和社会工作（14.6%）、其他个人服务 （11.3%）以及金融和保险（9.7%）。农业中畜牧业增长最快（5.9%），渔业增长最缓（0.9%）；工业 中电力行业表现最佳（6.7%），采矿和采石业则出现萎缩（-1.8%）。 ...

Group 1 - Germany's President Steinmeier signed a constitutional amendment to relax the "debt brake" restrictions, allowing the federal government to establish a special fund of €500 billion for infrastructure projects without being constrained by debt limits [1] - The reform is viewed as a fiscal cornerstone for the new German government, with expectations that large-scale fiscal spending will stimulate economic growth and create more jobs, enhancing Germany's economic competitiveness [1] - Goldman Sachs and Nomura Securities predict that this move will boost Germany's economic growth, positively impacting other European countries as well [1] Group 2 - Germany's economy has faced challenges, with GDP contracting by 0.2% in Q4 2024 and a year-on-year decline of 0.2%, marking the second consecutive year of negative growth [2] - Key sectors such as manufacturing saw a 3% decline in output, particularly in machinery and automotive industries, while service sectors experienced a modest growth of 0.8% [2] - Domestic household consumption increased slightly by 0.3%, with notable growth in health and transportation sectors, rising by 2.8% and 2.1% respectively [2] Group 3 - Forecasts indicate a gradual recovery for the German economy starting this year, with the Munich Institute for Economic Research reporting an increase in the business climate index from 85.3 to 86.7 in March [3] - The IMF predicts a 0.3% growth in Germany's GDP for 2025, while the European Commission expects domestic demand to rebound, projecting GDP growth of 0.7% in 2025 and 1.3% in 2026 [3] - Germany's inflation rate has been declining, dropping from a peak of 11.6% in October 2022 to 2.4% in October 2024, contributing to positive economic outlooks [3] Group 4 - The German central bank's president, Nagel, expressed concerns about increased uncertainty for the German economy due to U.S. tariffs on EU steel and aluminum imports, suggesting a potential for recession in 2025 [4]