14 April 2023. Based on advance estimates, the Singapore economy grew by 0.1 per cent on a year-on-year basis in the first quarter of 2023, slower than the 2.1 per cent growth recorded in the previous quarter. On a quarter-on-quarter seasonally-adjusted basis, the Singapore economy contracted by 0.7 per cent, a reversal from the 0.1 per cent expansion in the fourth quarter of 2022.

Please click here for the full press release.

MINISTRY OF TRADE AND INDUSTRY
14 April 2023