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MTI Revises 2010 Growth Forecast to 4.5 to 6.5 Per Cent

19 February 2010

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19 February 2010. The Ministry of Trade and Industry announced today that it expects the Singapore economy to grow at 4.5 to 6.5 per cent this year, following a contraction of 2.0 per cent in 2009.

Performance in Fourth Quarter 2009

Real gross domestic product (GDP) expanded by 4.0 per cent on a year-on-year basis in the fourth quarter of 2009, after growing by 0.6 per cent in the third quarter of 2009. On a seasonally adjusted quarter-on-quarter annualised basis,Singapore’s GDP contracted by 2.8 per cent in the fourth quarter of 2009.

Download the full press release [PDF, 161 KB].

Economic Survey of Singapore 2009

MINISTRY OF TRADE AND INDUSTRY
19 February 2010

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