The Ministry of Trade and Industry (MTI) of Singapore said on November 23 that it decided to adjust the country’s economic forecast this year to 3-3.5 percent from an earlier prediction of 2-3 percent.
The Singapore economy expanded by 4.6 percent year on year in the third quarter of this year, the highest growth in three years, according to the Ministry of Trade and Industry (MTI).
Singapore ’s economy rose only 1.8 percent year-on-year in the first quarter of this year, according to estimates released by the country’s Ministry of Trade and Industry.
Singapore’s employment rate in 2015 was 0.9 percent or 31,800 more people were employed last year, the lowest annual growth since 2003, said the Manpower Ministry (MOM) on January 28.
Singaporean parliament on August 17 passed a bill allowing the country to become a founding member of the China-led Asian Infrastructure Investment Bank (AIIB).
The Singapore economy expanded only by 1.5 percent in the fourth
quarter of 2014, slower than the 2.8 percent level of the previous
quarter, according to a report released by Singaporean Ministry of Trade
and Industry (MTI).
Singapore’s Ministry of Trade and Industry announced on Aug. 12 that it
has narrowed its GDP growth forecast for 2014 to 2.5 to 3.5 percent,
from its February forecast of from 2 to 4 percent.
The Singapore government has cut its 2014 CPI-All Items inflation
forecast to average 1.5-2.5 percent amid lower car prices and housing
costs expected for the second half of the year.
The Monetary Authority of Singapore (MAS) will keep the Singapore dollar
on a “modest and gradual” appreciation path with no change to its
policy stance.
Singapore’s Ministry of Trade and Industry (MTI) announced on
February 20 that the country has maintained its economic growth forecast
for 2014 at 2-4 percent.
Singapore’s Ministry of Trade and Industry (MTI) announced on February
20 that the country has maintained its economic growth forecast for
2014 at 2-4 percent.
Singapore’s economy grew by 5.8 percent on a year-on-year basis in the
third quarter of 2013, higher than the 4.4 percent growth in the
preceding quarter.
The Monetary Authority of Singapore (MAS) has announced it will maintain
its policy of a modest and gradual appreciation of the Singapore Dollar
Nominal Effective Exchange Rate policy band.
