Singapore Q4 GDP grows 3.1 pct y/y; 2017 growth 3.5 pct

By Kitco News / January 01, 2018 / www.kitco.com / Article Link

SINGAPORE, Jan 2 (Reuters) - Singapore's economy grew 3.1 percent in the fourth quarter compared with a year earlier, with growth moderating from the third quarter's strong pace.

The median forecast in a Reuters poll was for growth of 2.7 percent year-on-year. GDP grew 2.8 percent in the October-December quarter from the previous quarter, on an annualised and seasonally adjusted basis, according to the Ministry of Trade and Industry.

The median forecast in the Reuters survey was 2.9 percent growth.

The economy grew 3.5 percent for all of 2017, the fastest growth since GDP expanded nearly 3.6 percent in 2014, and accelerating from 2.0 percent growth in 2016.

The government's forecast for 2017 growth had been 3.0 to 3.5 percent.


(Reporting by Masayuki Kitano; Editing by Sam Holmes)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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