25 Nov '14, 4am

#singapore #property S'pore economy to grow by 3% in 2014: MTI: Singapore's economy is

#singapore #property S'pore economy to grow by 3% in 2014: MTI: Singapore's economy is

Comment E-mail to friend Bookmark & Share Singapore’s economy is expected to grow by around three per cent in 2014, the Ministry of Trade and Industry (MTI) said today. The economy grew by 2.8 percent on a year-on-year basis in Q3 2014, higher than the 2.3 percent growth in the preceding quarter. On a quarter-on-quarter seasonally-adjusted annualised basis, the economy expanded by 3.1 percent, a reversal from the 0.3 percent decline in the previous quarter. Growth in the construction sector moderated to 1.7 percent year-on-year compared to 3.7 percent in the previous quarter, mainly due to weaker private sector construction activities. The sector contracted by 0.3 percent quarter-on-quarter, following the 4.2 percent decline recorded in the preceding quarter. MIT added, “In the first three quarters of 2014, the Singapore economy grew by 3.3 per cent on a year-on-year basis...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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