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MTI Forecasts Sustained Growth of 4.5-6.5% in 2008

19 November 2007

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19 November 2007. The Ministry of Trade and Industry (MTI) announced today that the Singapore economy is expected to grow by 7.5-8.0 per cent in 2007, and 4.5-6.5 per cent in 2008.

Performance in Third Quarter 2007 and Forecast for 2007

Economic growth picked up pace in the third quarter. GDP grew by 8.9 per cent year-on-year, up from the 8.7 per cent increase in the previous quarter. Growth on an annualised quarter-on-quarter basis declined to 4.3 per cent, down from 14.5 percent in the second quarter. The fastest growing sectors were manufacturing (led by the biomedical and transport engineering clusters), financial services, and construction.

Download the full press release [PDF, 157 KB].

Economic Survey of Singapore, Third Quarter 2007

MINISTRY OF TRADE AND INDUSTRY
19 November 2007

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