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2013 GDP Growth Forecast Maintained at 1.0 to 3.0 Per Cent

23 May 2013

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23 May 2013. The Ministry of Trade and Industry (MTI) announced today that it will maintain the GDP growth forecast for 2013 at 1.0 to 3.0 per cent.

Performance in First Quarter 2013

The Singapore economy grew by 0.2 per cent on a year-on-year basis in the first quarter of 2013, compared to 1.5 per cent in the preceding quarter. On a quarter-on-quarter seasonally-adjusted annualised basis, the economy grew by1.8 per cent, slower than the 3.3 per cent growth in the previous quarter. The pull-back in the quarter-on-quarter growth momentum was mainly due to the decline in externally-oriented sectors such as manufacturing and wholesale trade.

Download the full press release [PDF, 60 KB].

Economic Survey of Singapore First Quarter 2013

MINISTRY OF TRADE AND INDUSTRY

23 May 2013

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