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MTI Forecasts Growth of 15.0 Per Cent in 2010 and 4.0 to 6.0 Per Cent in 2011

18 November 2010

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18 November 2010. The Ministry of Trade and Industry (MTI) announced today that it expects the Singapore economy to grow by around 15.0 per cent in 2010 and by 4.0 to 6.0 per cent in 2011.

Performance in the Third Quarter 2010

Preliminary estimates show that the Singapore economy grew by 10.6 per cent on a year-on-year basis in the third quarter of 2010, moderating from the record expansion of 19.5 per cent in the second quarter. Growth momentum, as measured on a seasonally adjusted annualised quarter-on-quarter basis, fell sharply by 18.7 per cent, a reversal from the growth of 27.3 per cent in the preceding quarter.

Download the full press release [PDF, 58 KB]

Economic Survey of Singapore Third Quarter 2010

MINISTRY OF TRADE AND INDUSTRY
18 November 2010

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