MTI Forecasts Growth of Around 1.5 Per Cent in 2012 and 1.0 to 3.0 Per Cent in 2013

Preliminary estimates show that the Singapore economy grew by 0.3 per cent on a year-on-year basis in the third quarter of 2012, following the 2.5 per cent increase in the preceding quarter. On a quarter-on-quarter seasonally-adjusted annualised basis, the economy contracted by 5.9 per cent, after growing by 0.5 per cent in the previous quarter.  

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Economic Survey of Singapore Third Quarter 2012

MINISTRY OF TRADE AND INDUSTRY  

16 November 2012