13 April 2017.  Based on advance estimates, the Singapore economy grew by 2.5 per cent on a year-on-year basis in the first quarter of 2017, easing from the 2.9 per cent growth in the previous quarter. On a quarter-on-quarter seasonally-adjusted annualised basis, the economy contracted by 1.9 per cent after posting a strong rebound of 12.3 per cent in the preceding quarter.