2012 GDP Growth Forecast Narrowed to 1.5 to 2.5 Per Cent
The Singapore economy grew by 2.0 per cent on a year-on-year basis in the second quarter of 2012, compared to 1.5 per cent in the preceding quarter. On a quarter-on-quarter seasonally-adjusted annualised basis, the economy contracted by 0.7 per cent, reversing the 9.5 per cent growth in the previous quarter.
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Economic Survey of Singapore Second Quarter 2012
MINISTRY OF TRADE AND INDUSTRY
10 August 2012