Singapore economy grew by 3.1% in 4Q: MTI advance estimates

SINGAPORE (Jan 2): Singapore’s economy grew by 3.1% on-year over 4Q17, easing from the 5.4% growth reported in the previous quarter, according to the latest advance estimates from the Ministry of Trade and Industry (MTI). 

This brings the economy’s growth to 3.5% for the whole of 2017, in line with MTI’s earlier GDP growth forecast of 3-3.5%.

On a q-o-q seasonally-adjusted annualised basis, the economy expanded at a slower pace of 2.8% compared to the 9.4% registered in the preceding quarter.

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