SINGAPORE (Aug 11): The Ministry of Trade and Industry (MTI) announced today that it has narrowed Singapore's GDP growth forecast for 2017 to “2-3%”, from “1-3%”.

On a y-o-y basis, Singapore’s economy grew by 2.9% in 2Q17, while it expanded by 2.2% on a q-o-q basis.

The manufacturing sector continued to grow at 8.1% y-o-y in the second quarter.

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