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MTI Forecasts Growth of Around 3.0 Per Cent in 2014 and 2.0 to 4.0 Per Cent in 2015

25 November 2014

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25 November 2014. The Ministry of Trade and Industry (MTI) announced today that it expects the Singapore economy to grow by around 3.0 per cent in 2014, and by 2.0 to 4.0 per cent in 2015.

Performance in Third Quarter 2014

The Singapore economy grew by 2.8 per cent on a year-on-year basis in the third quarter, higher than the 2.3 per cent growth in the preceding quarter. On a quarter-on-quarter seasonally-adjusted annualised basis, the economy expanded by 3.1 per cent, a reversal from the 0.3 per cent decline in the previous quarter.

Download the full press release [PDF, 60 KB]

Economic Survey of Singapore Third Quarter 2014

MINISTRY OF TRADE AND INDUSTRY

25 November 2014

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