2012 GDP Growth Forecast Narrowed to 1.5 to 2.5 Per Cent
10 August 2012
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10 Aug 2012. The Ministry of Trade and Industry (MTI) announced today thatit will narrow the GDP growth forecast for 2012 from 1.0 to 3.0 per cent, to 1.5to 2.5 per cent.
Performance in Second Quarter 2012
The Singapore economy grew by 2.0 per cent on a year-on-year basis in the second quarter of 2012, compared to 1.5 per cent in the preceding quarter. On a quarter-on-quarter seasonally-adjusted annualised basis, the economy contracted by 0.7 per cent, reversing the 9.5 per cent growth in the previous quarter.
Download the full press release [PDF, 58 KB].
Economic Survey of Singapore Second Quarter 2012
MINISTRY OF TRADE AND INDUSTRY
10 August 2012
