Singapore’s GDP Grew by 1.5 Per Cent in Fourth Quarter of 2014

2 January 2015. Based on advance estimates, the Singapore economy grew by 1.5 per cent on a year-on-year basis in the fourth quarter of 2014, compared to 2.8 per cent in the previous quarter. On a quarter-on-quarter seasonally-adjusted annualised basis, the economy expanded by 1.6 per cent, slower than the 3.1 per cent expansion in the previous quarter.

For the whole of 2014, the economy is estimated to have grown by 2.8 per cent. This is in line with MTI’s earlier announced growth forecast of around 3.0 per cent.

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MINISTRY OF TRADE AND INDUSTRY
2 January 2015