MTI Forecasts Growth of 3.0 to 5.0 per cent in 2010

19 November 2009. The Ministry of Trade and Industry (MTI) announced today that it expects the Singapore economy to grow by 3.0 to 5.0 per cent in 2010. MTI has maintained the GDP growth forecast for 2009 at -2.5 to -2.0 per cent.

Performance in Third Quarter 2009

Preliminary estimates show that the Singapore economy grew by 0.6 per cent on a year-on-year basis in the third quarter of 2009, compared to a contraction of 3.3 per cent in the second quarter. On a seasonally adjusted annualised quarter-on-quarter basis, the economy expanded by 14.2 per cent in the third quarter of 2009, following growth of 21.7 per cent in the second quarter, with all major sectors registering positive growth.

Download the full press release [PDF, 62 KB].

Economic Survey of Singapore Third Quarter 2009

MINISTRY OF TRADE AND INDUSTRY
19 November 2009