21 November 2019. The Ministry of Trade and Industry (MTI) announced today that the Singapore economy is expected to grow by “0.5 to 1.0 per cent” in 2019 and by “0.5 to 2.5 per cent” in 2020.
Economic Performance in Third Quarter 2019
The Singapore economy grew by 0.5 per cent on a year-on-year basis in the third quarter, slightly higher than the 0.2 per cent growth in the previous quarter. On a quarter-on-quarter seasonally-adjusted annualised basis, the economy expanded by 2.1 per cent, a reversal from the 2.7 per cent contraction in the second quarter.
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MINISTRY OF TRADE AND INDUSTRY
21 November 2019