Skip to main content

Government officials will never ask you to transfer money or disclose bank log-in details over a phone call.

Call the 24/7 ScamShield Helpline at 1799 if you are unsure if something is a scam.

Ministry of Trade and Industry
  1. Home
  2. Newsroom
  3. 2013 GDP Growth Forecast Upgraded to 2.5 to 3.5 Per Cent
1. Press releases

2013 GDP Growth Forecast Upgraded to 2.5 to 3.5 Per Cent

12 August 2013

This article has been migrated from an earlier version of the site and may display formatting inconsistencies.

12 August 2013. The Ministry of Trade and Industry (MTI) announced today that it has upgraded the GDP growth forecast for 2013 from 1.0 to 3.0 per cent, to 2.5 to 3.5 per cent.

Performance in Second Quarter of 2013

The Singapore economy grew by 3.8 per cent on a year-on-year basis in the second quarter of 2013, compared to 0.2 per cent in the previous quarter. On a quarter-on-quarter seasonally-adjusted annualised basis, the economy grew by 15.5 per cent, significantly higher than the 1.7 per cent expansion in the previous quarter. The acceleration in the quarter-on-quarter growth momentum was mainly due to robust growth in the manufacturing, wholesale & retail trade, transportation & storage, and finance & insurance sectors.

Download the full press release [PDF, 78 KB].

Economic Survey of Singapore Second Quarter 2013

MINISTRY OF TRADE AND INDUSTRY

12 August 2013

Back to top