MTI Revises Forecasts for 2009 GDP Growth to -9.0 to -6.0 Per Cent

14 April 2009. The Ministry of Trade and Industry (MTI) announced today that it expects Singapore’s GDP to contract by 6.0 to 9.0 per cent in 2009, lower than the contraction of 2.0 to 5.0 per cent that it had forecast on 21 January 2009.

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MINISTRY OF TRADE AND INDUSTRY
14 April 2009