Singapore’s economy grew 2.9% year on year in the second quarter of 2024, comparable to the revised growth rate of 3% in the previous quarter, going by advance estimates from the Ministry of Trade and Industry (MTI) on July 12.
Singapore’s economy expanded 4.8% year on year in the second quarter of 2022, led by the manufacturing sector, according to advance estimates released by the country’s Ministry of Trade and Industry (MTI) on July 14.
Singapore’s economic growth may slow down to 3 - 5 percent in 2022 amid an uneven domestic recovery and lingering uncertainty over global growth, according to the country’s Ministry of Trade and Industry (MTI).
Singapore’s economy continues to recover steadily from a sharp contraction in 2020 on the back of effective pandemic containment measures, accelerated vaccination rollout, and extended policy support for affected businesses and households, revealed a report of the ASEAN+3 Macroeconomic Research Office (AMRO) on November 8.
The Singaporean Ministry of Trade and Industry reported on February 14 that the country’s fourth-quarter economic growth was at the slowest pace in the past more than two years, warning that manufacturing is likely to see a significant moderation this year.
Singapore’s economy likely maintained a steady pace of growth in the fourth quarter as the manufacturing sector outperformed forecasts, but US-China trade tensions could slow the momentum in 2019.
Singapore’s economy in the second quarter of 2018 expanded just 3.8 percent from the same period last year, and only 1 percent from the previous quarter, a result slower than the median forecast of 4 percent and 1.2 percent in a Reuters poll of economists.
