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Home  >>   Daily News  >>Singapore>>Economy>>Singapore revises Q3 GDP growth to 1.9% but lowers growth forecast for the year
NEW UPDATES Asean Affairs  26  November 2015  

Singapore revises Q3 GDP growth to 1.9% but lowers growth forecast for the year

SINGAPORE: The economy grew by 1.9 per cent on a year-on-year basis in the third quarter of 2015, beating analysts’ estimates and higher than the Government’s earlier estimate of 1.4 per cent, the Ministry of Trade and Industry (MTI) announced on Wednesday (Nov 25).

The figure is marginally lower than the 2 per cent growth in the previous quarter.

On a quarter-on-quarter seasonally-adjusted annualised basis, the economy expanded by 1.9 per cent, a reversal from the 2.6 per cent contraction in the second quarter, MTI said.

However, the GDP growth forecast for 2015 has been lowered to “close to 2 per cent”, down from the previous forecast of 2 to 2.5 per cent. GDP is expected to grow between 1 and 3 per cent in 2016, MTI said.



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ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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