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Economic Growth Eased in Second Quarter 2011

14 July 2011

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ECONOMIC GROWTH EASED IN SECOND QUARTER 2011


Based on advance estimates1, the economy grew by 0.5 per cent on a year-on-year basis, down from the 9.3 per cent growth in the previous quarter. On a seasonally-adjusted quarter-on-quarter annualised basis, the economy contracted by 7.8 per cent, compared to the 27.2 per cent expansion in the previous quarter.


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MINISTRY OF TRADE AND INDUSTRY

14 July 2011

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