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Press Release
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17 MAY 2012
2012 GDP Growth Forecast Maintained at 1.0 to 3.0 Per Cent
2012 GDP Growth Forecast Maintained at 1.0 to 3.0 Per Cent
2012 GDP Growth Forecast Maintained at 1.0 to 3.0 Per Cent
The Singapore economy grew by 1.6 per cent on a year-on-year basis in the first quarter of 2012, compared to 3.6 per cent in the preceding quarter. On a quarter-on-quarter seasonally-adjusted annualised basis, the economy expanded by 10.0 per cent, reversing the 2.5 per cent contraction in the previous quarter.
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17 May 2012