Singapore Economy Grows By 3.6 Pct In 2017

Last update: 14/02/2018

By Massita Ahmad

SINGAPORE, Feb 14 (Bernama) -- Singapore's economy grew by 3.6 per cent in 2017, faster than the 2.4 per cent growth in 2016.

The Ministry of Trade and Industry (MTI) in a statement said for 2018, it expects Gross Domestic Product (GDP) growth to moderate from that of 2017, but remain firm.

MTI's central view is for 2018 GDP growth to come in slightly above the middle of the forecast range of ?1.5 to 3.5 per cent?.

The Singapore economy grew by 3.6 per cent on a year-on-year basis in the fourth quarter, easing from the 5.5 per cent growth in the third quarter.

On a quarter-on-quarter seasonally-adjusted annualised basis, the Singapore economy expanded by 2.1 per cent, a moderation from the 11.2 per cent growth in the preceding quarter.....