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Press Release
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10 AUG 2012
2012 GDP Growth Forecast Narrowed to 1.5 to 2.5 Per Cent
2012 GDP Growth Forecast Narrowed to 1.5 to 2.5 Per Cent
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