According to MTI, the Singapore economy grew 1.0% year-on-year in 4Q2019. On a quarter-on-quarter seasonally-adjusted annualised basis, the economy expanded at a slower pace of 0.6% compared to the 2.2% growth in the preceding quarter.
SINGAPORE (Feb 17): Singapore’s Ministry of Trade and Industry (MTI) as well as private sector economists have cut the city state’s GDP growth forecasts for 2020.
This comes after state agencies on Monday released economic performance and trade figures for 2019.
