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MTI Forecasts Growth of 5.0 Per Cent in 2011 and 1.0 to 3.0 Per Cent in 2012

21 November 2011

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21 November 2011. The Ministry of Trade and Industry (MTI) announced today that it expects the Singapore economy to grow by around 5.0 per cent in 2011 and by 1.0 to 3.0 per cent in 2012.

Performance in Third Quarter 2011

The Singapore economy grew by 6.1 per cent on a year-on-year basis in the third quarter of 2011, up from 1.0 per cent in the preceding quarter. On a seasonally-adjusted quarter-on-quarter annualised basis, the economy saw a small gain of 1.9 per cent, following the 6.4 per cent contraction in the preceding quarter.

Download the full press release [PDF, 78 KB].

Economic Survey of Singapore Third Quarter 2011

MINISTRY OF TRADE AND INDUSTRY

21 November 2011

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