2 January 2020. Based on advance estimates, the Singapore economy grew by 0.8 per cent on a year-on-year basis in the fourth quarter of 2019, extending the 0.7 per cent growth in the previous quarter. On a quarter-on-quarter seasonally adjusted annualised basis, the economy expanded at a slower pace of 0.1 per cent compared to the 2.4 per cent growth in the third quarter. For the whole of 2019, the Singapore economy grew by 0.7 per cent.

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MINISTRY OF TRADE AND INDUSTRY
2 JANUARY 2020