Staff Reporter
,
Singapore
Up from 2.1% in Q4.
The Ministry of Trade and Industry (MTI) today revealed that Singapore’s GDP posted a 2.6% year-on-year growth in the first quarter of 2015, faster than the 2.1% growth in the preceding quarter.
This figure is also above the MTI's flash estimate of a 2.1% expansion and beat market expectations of 2.2% growth.
The MTI noted that the economy expanded by 3.2% on a quarter-on-quarter seasonally-adjusted annualised basis, a slower pace of growth compared to the 4.9% expansion in Q4.
The MTI maintained its GDP growth forecast for 2015 of a 2.0-4.0% expansion.
Join Singapore Business Review community
Since you're here...
...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.
Let us help you drive your business forward with a good partnership!