MTI Narrows 2017 GDP Growth Forecast to "2.0 to 3.0 Per Cent"

11 August 2017. The Ministry of Trade and Industry (MTI) announced today that it has narrowed the GDP growth forecast for 2017 to “2.0 to 3.0 per cent”, from "1.0 to 3.0 per cent".

Economic Performance in Second Quarter 2017

The Singapore economy grew by 2.9 per cent on a year-on-year basis in the second quarter, faster than the 2.5 per cent growth in the previous quarter. On a quarter-on-quarter seasonally-adjusted annualised basis, the economy expanded by 2.2 per cent, a reversal from the contraction of 2.1 per cent in the preceding quarter.