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Press Release
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14 JUL 2014
Singapore’s GDP Growth Moderated in the Second Quarter of 2014
Singapore’s GDP Growth Moderated in the Second Quarter of 2014
Singapore’s GDP Growth Moderated in the Second Quarter of 2014
14 July 2014. Based on advance estimates, the Singapore economy grew by 2.1 per cent on a year-on-year basis in the second quarter of 2014, slower than the 4.7 per cent growth in the previous quarter. On a quarter-on-quarter seasonally-adjusted annualised basis, the economy contracted by 0.8 per cent, a reversal from the 1.6 per cent growth in the preceding quarter.
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MINISTRY OF TRADE AND INDUSTRY
14 July 2014