​MTI Maintains 2016 GDP Growth Forecast at 1.0 to 3.0 Per Cent

25 May 2016. The Ministry of Trade and Industry (MTI) announced today that it has maintained the GDP growth forecast for 2016 at 1.0 to 3.0 per cent.

Performance in First Quarter 2016

The Singapore economy grew by 1.8 per cent on a year-on-year basis in the first quarter, unchanged from the previous quarter. On a quarter-on-quarter seasonally-adjusted annualised basis, the economy expanded by 0.2 per cent, slower than the 6.2 per cent growth in the preceding quarter.

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Economic Survey of Singapore First Quarter 2016