The Singapore economy grew 5.1 percent on a year-on-year basis in Q1 2014, based on advance estimates by the Ministry of Trade and Industry (MTI).

This is lower than the 5.5 percent growth seen in the previous quarter.
 
On a quarter-on-quarter seasonally-adjusted annualised basis, the economy grew by 0.1 percent, moderating from the 6.1 percent expansion in the quarter before.

The preliminary GDP estimates for the first quarter will be released next month.

In 2013, Singapore recorded an overall GDP of 4.1 percent.

 

Muneerah Bee, Senior Journalist at PropertyGuru, wrote this story. To contact her about this or other stories email muneerah@propertyguru.com.sg

 

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