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. Press releases

MTI Downgrades 2020 GDP Growth Forecast to "-7.0 to -4.0 Per Cent"

26 May 2020

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

26 May 2020. The Ministry of Trade and Industry (MTI) today revised Singapore’s GDP growth forecast for 2020 downwards to "-7.0 to -4.0 per cent".

Economic Performance in First Quarter 2020

The Singapore economy contracted by 0.7 per cent on a year-on-year basis in the first quarter, a reversal from the 1.0 per cent growth in the previous quarter. On a quarter-on-quarter seasonally-adjusted annualised basis, the economy shrank by 4.7 per cent, a pullback from the 0.6 per cent expansion in the fourth quarter of last year.

Download the full press release [PDF, 165 KB].

Economic Survey of Singapore First Quarter 2020

MINISTRY OF TRADE AND INDUSTRY
26 May 2020

Back to top