14 February 2018. The Ministry of Trade and Industry (MTI) announced today that the Singapore economy grew by 3.6 per cent in 2017. For 2018, MTI expects GDP growth to moderate from 2017’s growth but remain firm. MTI’s central view is for GDP growth to come in slightly above the middle of the forecast range of "1.5 to 3.5 per cent".
Economic Performance in Fourth Quarter 2017
The Singapore economy grew by 3.6 per cent on a year-on-year basis in the fourth quarter, easing from the 5.5 per cent growth in the third quarter. On a quarter-on-quarter seasonally-adjusted annualised basis, the Singapore economy expanded by 2.1 per cent, a moderation from the 11.2 per cent growth in the preceding quarter.