​Singapore remains on track to grow by 1.5 to 2.5 per cent in 2012

12 October 2012 Based on advance estimates, the Singapore economy grew at a modest pace of 1.3 per cent on a year-on-year basis in the third quarter of 2012, compared to 2.3 per cent growth in the previous quarter. On a quarter-on-quarter seasonally-adjusted annualised basis, the economy contracted by 1.5 per cent, compared to the 0.2 per cent expansion in the second quarter.

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MINISTRY OF TRADE AND INDUSTRY
12 October 2012