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MTI Forecasts GDP to Grow by "1.0 to 1.5 Per Cent" in 2016 and "1.0 to 3.0 Per Cent" in 2017

24 November 2016

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​MTI Forecasts GDP to Grow by "1.0 to 1.5 Per Cent" in 2016 and "1.0 to 3.0 Per Cent" in 2017

24 November 2016. The Ministry of Trade and Industry (MTI) announced today that it expects the Singapore economy to grow by "1.0 to 1.5 per cent" in 2016, and by "1.0 to 3.0 per cent" in 2017.

Economic Performance in Third Quarter 2016

The Singapore economy grew by 1.1 per cent on a year-on-year basis in the third quarter, slower than the 2.0 per cent growth in the previous quarter. On a quarter-on-quarter seasonally-adjusted annualised basis, the economy contracted by 2.0 per cent, a reversal from the 0.1 per cent growth in the second quarter.

 Please click here for the full press release.

Economic Survey of Singapore Third Quarter 2016

MINISTRY OF TRADE AND INDUSTRY

24 November 2016

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