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MTI Forecasts Growth of -1.0 to 2.0% in 2009

21 November 2008

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21 November 2008. The Ministry of Trade and Industry (MTI) announced today that the Singapore economy is expected to grow by around 2.5 per cent in 2008, and -1.0 to 2.0 per cent in 2009. 

Performance in Third Quarter 2008 and GDP Outlook for 2008

Singapore’s GDP contracted by 0.6 per cent in year-on-year terms in the third quarter of 2008. On an annualised quarter-on-quarter basis, growth declined by 6.8 per cent, compared to a fall of 5.3 per cent in the second quarter.

Download the full press release [PDF, 59 KB].

Economic Survey of Singapore Third Quarter 2008 

Ministry of Trade and Industry
21 November 2008

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