14 Feb '18, 12am

Singapore's Economic Growth Misses Estimates

Singapore’s economy lost some of its momentum in the fourth quarter and the government sees growth moderating slightly this year as an export boom in 2017 eases. Gross domestic product rose at a seasonally adjusted, annualized rate of 2.1 percent from prior three months, trade ministry said Wednesday; Bloomberg survey median was 2 percent, while government’s previous projection was 2.8 percent GDP expanded 3.6 percent in the fourth quarter from the same period in 2016; median estimate was for 2.9 percent While manufacturing in the trade-reliant economy was boosted last year by a surge in electronics exports, output has weakened recently as demand moderated. Even with that easing, the economy posted full-year growth of 3.6 percent in 2017, and is set to expand slightly above the middle of the 1.5-3.5 percent forecast range this year, the trade ministry said. “The manufactur...

Full article: https://www.bloomberg.com/news/articles/2018-02-14/singap...

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