2013 GDP Growth Forecast Maintained at 1.0 to 3.0 Per Cent 

The Singapore economy grew by 0.2 per cent on a year-on-year basis in the first quarter of 2013, compared to 1.5 per cent in the preceding quarter. On a quarter-on-quarter seasonally-adjusted annualised basis, the economy grew by 1.8 per cent, slower than the 3.3 per cent growth in the previous quarter. The pull-back in the quarter-on-quarter growth momentum was mainly due to the decline in externally-oriented sectors such as manufacturing and wholesale trade.

Please click here for the full press release.