Businesses can go to covid.gobusiness.gov.sg for more information regarding the temporary suspension of activities. 

For more information on special travel arrangements that Singapore has implemented with other countries/regions, please go to https://safetravel.ica.gov.sg.

X
A Singapore Government Agency Website
AA
A
A

MTI Downgrades 2020 GDP Growth Forecast to “-0.5 to 1.5 Per Cent”

MTI Downgrades 2020 GDP Growth Forecast to “-0.5 to 1.5 Per Cent”

17 February 2020. The Ministry of Trade and Industry (MTI) announced today that the Singapore economy grew by 0.7 per cent in 2019. For 2020, MTI has downgraded the GDP growth forecast to “-0.5 to 1.5 per cent”, with growth expected to come in at around 0.5 per cent, the mid-point of the forecast range. 

Economic Performance in Fourth Quarter 2019 

The Singapore economy grew by 1.0 per cent on a year-on-year basis in the fourth quarter, faster than the 0.7 per cent growth in the third quarter. On a quarter-on-quarter seasonally-adjusted annualised basis, the economy expanded at a slower pace of 0.6 per cent compared to the 2.2 per cent growth in the preceding quarter.

Please click here for the full press release.

Economic Survey of Singapore 2019

MINISTRY OF TRADE AND INDUSTRY
17 February 2020

add HOME ABOUT US IMPROVING TRADE TRANSFORMING INDUSTRIES NEWSROOM RESOURCES LEGISLATION CAREERS
Contact Us Feedback FAQs