​MTI Narrows 2015 GDP Growth Forecast to 2.0 to 2.5 Per Cent

11 August 2015. The Ministry of Trade and Industry (MTI) announced today that it has narrowed the GDP growth forecast for 2015 to 2.0 to 2.5 per cent.

The Singapore economy grew by 1.8 per cent on a year-on-year basis in the second quarter, slower than the 2.8 per cent growth in the previous quarter. On a quarter-on-quarter seasonally-adjusted annualised basis, the economy contracted by 4.0 per cent, a reversal from the 4.1 per cent growth in the preceding quarter.

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Economic Survey of Singapore Second Quarter 2015