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MTI Forecasts GDP to Grow by "Close to 2.0 Per Cent" in 2015 and "1.0 to 3.0 Per Cent" in 2016

25 November 2015

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25 November 2015. The Ministry of Trade and Industry (MTI) announced today that it expects the Singapore economy to grow by "close to 2.0 per cent” in 2015, and by "1.0 to 3.0 per cent” in 2016.

Performance in Third Quarter 2015

The Singapore economy grew by 1.9 per cent on a year-on-year basis in the third quarter, marginally lower than the 2.0 per cent growth in the previous quarter. On a quarter-on-quarter seasonally-adjusted annualised basis, the economy expanded by 1.9 per cent, a reversal from the 2.6 per cent contraction in the second quarter.

Download the full press release [PDF, 61 KB]

Economic Survey of Singapore Third Quarter 2015

MINISTRY OF TRADE AND INDUSTRY

25 November 2015

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