MTI Forecasts GDP to Grow by "1.0 to 1.5 Per Cent" in 2016 and "1.0 to 3.0 Per Cent" in 2017
24 November 2016. The Ministry of Trade and Industry (MTI) announced today that it expects the Singapore economy to grow by "1.0 to 1.5 per cent" in 2016, and by "1.0 to 3.0 per cent" in 2017.
Economic Performance in Third Quarter 2016
The Singapore economy grew by 1.1 per cent on a year-on-year basis in the third quarter, slower than the 2.0 per cent growth in the previous quarter. On a quarter-on-quarter seasonally-adjusted annualised basis, the economy contracted by 2.0 per cent, a reversal from the 0.1 per cent growth in the second quarter.
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MINISTRY OF TRADE AND INDUSTRY
24 November 2016