Singapore: GDP contracts further in Q4

According to an advance estimate released by the Ministry of Trade and Industry (MTI) on 2 January, in Q4 2013, GDP contracted 2.7% over the third quarter at a Seasonally Adjusted Annualized Rate (SAAR). The reading was below market expectations of a 1.3% contraction and contrasted the 2.2% expansion recorded in Q3. GDP expanded 4.4% over the same period of the previous year (Q3: +5.9% year-on-year).

Read more about Singaporean GDP.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s