Singapore Economy

Singapore GDP grows faster than expected

While manufacturing in Singapore is going strong, the financial sector faces challenges, analysts say. Photo: AFP

Singapore’s economy grew faster than expected in last year’s fourth quarter, helped by a surge in manufacturing output, government data showed on Thursday.

Thursday, 20 February, 2014, 3:42pm 2 comments

Singapore economy beats forecasts with 1.8pc expansion

Inflation is expected to be in a 3.5 to 4.5 per cent range this year.

Singapore's economy expanded more than economists estimated last quarter, averting a recession even after the central bank refrained from monetary stimulus as it sought to contain elevated inflation.

3 Jan 2013 - 4:36am

Singapore economy shrinks, dodges recession

Singapore's central business district at dusk. Singapore narrowly evaded slipping into a recession in the third quarter. Photo: Reuters

Singapore’s economy shrank by 1.5 per cent in the third quarter but avoided a technical recession after growth in the previous three months was adjusted upwards, government figures showed Friday.

The Ministry of Trade and Industry said the export-driven city-state was still on track to achieve annual growth of 1.5-2.5 per cent in 2012.

12 Oct 2012 - 12:03pm

Talking Points

Commemorations take place in Hong Kong and Indonesia to mark the 10th anniversary of the Bali bombings. Photo: AP

Remembering the Bali bombings

12 Oct 2012 - 1:59am