15 February 2019. The Ministry of Trade and Industry (MTI) announced today that the Singapore economy grew by 3.2 per cent in 2018. For 2019, MTI has maintained the GDP growth forecast at “1.5 to 3.5 per cent”, with growth expected to come in slightly below the mid-point of the forecast range.
Economic Performance in Fourth Quarter 2018
The Singapore economy grew by 1.9 per cent on a year-on-year basis in the fourth quarter, easing from the 2.4 per cent growth in the third quarter. On a quarter-on-quarter seasonally-adjusted annualised basis, the Singapore economy expanded by 1.4 per cent, unchanged from the preceding quarter.
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MINISTRY OF TRADE AND INDUSTRY
15 February 2019