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MTI Forecasts Growth of Around 1.5 Per Cent in 2012 and 1.0 to 3.0 Per Cent in 2013

16 November 2012

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16 Nov 2012. The Ministry of Trade and Industry (MTI) announced today that it expects the Singapore economy to grow by around 1.5 per cent in 2012 and by 1.0 to 3.0 per cent in 2013.

Performance in Third Quarter 2012

Preliminary estimates show that the Singapore economy grew by 0.3 per cent on a year-on-year basis in the third quarter of 2012, following the 2.5 per cent increase in the preceding quarter. On a quarter-on-quarter seasonally-adjusted annualised basis, the economy contracted by 5.9 per cent, after growing by 0.5 per cent in the previous quarter.  

Download the full press release [PDF, 58 KB].

Economic Survey of Singapore Third Quarter 2012

MINISTRY OF TRADE AND INDUSTRY

16 November 2012

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