International Finance
Economy

Singapore economy takes positive turn in Q1 2018

MTI. Singapore, data, economy, electronic, Ministry of Trade and Industry
According to preliminary data, Singapore economy grew more than predicted in Q1 2018 from the last quarter on annual basis

The Ministry of Trade and Industry (MTI) said gross domestic product rose 4.3 percent. TODAY reports “The economy expanded 1.4 percent in the January-March period on an annualised and seasonally adjusted basis.”

The MTI said: “The sector grew by 10.1 percent on a year-on-year basis in the first quarter, faster than the 4.8 per cent growth in the previous quarter. All the clusters within the sector expanded, with the electronics and precision engineering clusters contributing the most to the sector’s growth.”

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