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MTI Forecasts GDP to Grow by “3.0 to 3.5 Per Cent” in 2018 and “1.5 to 3.5 Per Cent” in 2019

MTI Forecasts GDP to Grow by “3.0 to 3.5 Per Cent” in 2018 and “1.5 to 3.5 Per Cent” in 2019

22 November 2018. The Ministry of Trade and Industry (MTI) announced today that the Singapore economy is expected to grow by “3.0 to 3.5 per cent” in 2018, and by “1.5 to 3.5 per cent” in 2019.

Economic Performance in Third Quarter 2018

The Singapore economy grew by 2.2 per cent on a year-on-year basis in the third quarter, slower than the 4.1 per cent growth in the preceding quarter. On a quarter-on-quarter seasonally-adjusted annualised basis, the economy expanded by 3.0 per cent, faster than the 1.0 per cent growth in the second quarter.

Please click here for the full press release.

Economic Survey of Singapore Third Quarter 2018

MINISTRY OF TRADE AND INDUSTRY
22 November 2018

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