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Press Release
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12 OCT 2009
2009 GDP Growth Forecast Revised to -2.5 to -2.0 Per Cent
2009 GDP Growth Forecast Revised to -2.5 to -2.0 Per Cent
2009 GDP GROWTH FORECAST REVISED TO -2.5 TO -2.0 PER CENT
12 October 2009. The Ministry of Trade and Industry (MTI) announced today that the Singapore economy expanded by 0.8 per cent year-on-year in the third quarter of 2009. Growth was driven by the continued expansion of biomedical and electronics manufacturing output, and improvements in the trade-related and tourism sectors of the economy on the back of a gradual stabilisation in global economic conditions.
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MINISTRY OF TRADE AND INDUSTRY
12 October 2009