Latest Singapore Business News

Singapore’s GDP grows by 1.8% in Q4 2016 based on advance estimates

singapore economy grew1.8percent q4 2016
 
3 January 2017 - Based on advance estimates[1], the Singapore economy grew by 1.8 per cent on a year-on-year basis in the fourth quarter of 2016, faster than the 1.2 per cent growth in the previous quarter. On a quarter-on-quarter seasonally-adjusted annualised basis, the economy expanded by 9.1 per cent, a reversal from the 1.9 per cent contraction in the preceding quarter.
 
For the whole of 2016, the economy grew by 1.8 per cent, above MTI’s earlier announced GDP growth forecast of “1.0 to 1.5 per cent”.
 
singapore economy grew1.8percent q4 2016 pic2a
 

 
[1] The advance GDP estimates for the fourth quarter of 2016 are computed largely from data in the first two months of the quarter (i.e. October and November 2016). They are intended as an early indication of the GDP growth in the quarter, and are subject to revision when more comprehensive data become available.
 
singapore economy grew1.8percent q4 2016
Singapore Sports Hub
 

Add comment

Emails are optional and for tracking replies. Names are unique; get yours today with a comment!


Security code
Refresh

La Business

Fed hikes rates, points to 2 more increases by end of 2018
Fed hikes rates, points to 2 more increases by end of 2018

  The Federal Reserve has hiked U.S. rates yet again,... by its usual 25 basis [ ... ]

Read more la
Chinese telecom firm ZTE to pay US$1 billion fine to lift US sanctions
Chinese telecom firm ZTE to pay US$1 billion fine to lift US sanctions

  The Trump administration has announced that it has struck a deal with Chines [ ... ]

Read more la
Trade War 2018 would trigger financial crisis & 9% drop in global trade
Trade War 2018 would trigger financial crisis & 9% drop in global trade

  With the escalation of the trade tensions between the U.S. and its major t [ ... ]

Read more la
U.S. Federal Reserve holds interest rates steady
U.S. Federal Reserve holds interest rates steady

  In a widely expected move,... the U.S. Federal Reserve has left rates unch [ ... ]

Read more la
Chna's economy grows 6.8% on strong consumer spending
Chna's economy grows 6.8% on strong consumer spending

  Despite concerns of a trade war between Washington and Beijing,... China's G [ ... ]

Read more la
Japan to introduce 'Sayonara Tax' from 2019
Japan to introduce 'Sayonara Tax' from 2019

  Travelers leaving Japan will have to pay a departure tax of one thousand yen [ ... ]

Read more la
Interview with Bitcoin.com CEO Roger Ver
Interview with Bitcoin.com CEO Roger Ver

  The debate continues on virtual currencies. The potential for it to accelerate t [ ... ]

Read more la
China imposes tariffs on 128 items of U.S. imports
China imposes tariffs on 128 items of U.S. imports

  China is imposing new tariffs on meat, fruit and other products from the U [ ... ]

Read more la
Federal Reserve hikes key interest rate from 1.5% to 1.75%, highest since 2008
Federal Reserve hikes key interest rate from 1.5% to 1.75%, highest since 2008

  Turning now to the Federal Reserve's decision to hike U.S. rates to their hi [ ... ]

Read more la
Amazon overtakes Google as second most valuable company in U.S.
Amazon overtakes Google as second most valuable company in U.S.

  E-commerce giant Amazon,... has overtaken Alphabet, Google's parent company,.. [ ... ]

Read more la
WTO chief warns Trump's proposed tariffs will lead to global recession
WTO chief warns Trump's proposed tariffs will lead to global recession

  With fears rising over the possibility of a full-scale tariff war, the hea [ ... ]

Read more la
China maintains economic growth target of 6.5% for 2018
China maintains economic growth target of 6.5% for 2018

  China has set its economic growth target at six-and-a-half percent for t [ ... ]

Read more la
Trump's new tariff announcement may trigger global 'trade war'
Trump's new tariff announcement may trigger global 'trade war'

  Signs of a global trade war is breaking out as the Trump administration deci [ ... ]

Read more la
Fed could raise rates 4 times in 2018
Fed could raise rates 4 times in 2018

  The new chairman of the Federal Reserve has vowed to prevent the U.S. economy fr [ ... ]

Read more la

Our Sponsors


La Latest

Russian football fans celebrate World Cup win

  Russian football fans take to the streets in Moscow to celebrate Russia's seco [ ... ]

Read more la
Lion football proves to be a roaring success at Israeli zoo

  With the World Cup in full swing the lions of Israel’s Safari Zoo had a go [ ... ]

Read more la
Day-5 wrap up from Russia World Cup 2018

  The curtain has come down on day five of the 2018 Russia World Cup. We had a  [ ... ]

Read more la
Annual dragon boat races in Hong Kong attract hundreds

  Hong Kong’s annual dragon boat races have attracted hundreds of people. Th [ ... ]

Read more la
CCTV cameras capture the moment deadly earthquake hits Osaka

  CCTV cameras captured the moment a deadly earthquake struck the Japanese cit [ ... ]

Read more la
No-breakfast lifestyle leads to higher obesity rate?

  Skipping the first meal of the day could lead to weight gain... that's according [ ... ]

Read more la
World Cup: Croatia beat Nigeria to top Group D

  In the World Cup, in Russia, Croatia are now at the top of what's being call [ ... ]

Read more la
World Cup update: Ronaldo steals show in Portugal's 3-3 against Spain

  Let's take a look back at Friday's action from the 2018 World Cup in Russi [ ... ]

Read more la

La Entertain

Gao Yuanyuan vs Angelababy - Full Frontal Red vs Black

At a recent publicity event with a big budget on 8 Jun 2018, Gao Yuanyuan and Angelababy were invite [ ... ]

Read more la
Shawn Yue domesticated by kinky wife Sarah Wang & son Cody Yue

Shawn Yue (36) has officially been domesticated by his hot and kinky Taiwanese wife Sarah Wang (29). [ ... ]

Read more la
Legend of Ravaging Dynasties 2 greets fans on 6 July 2018

Legend of Ravaging Dynasties (LORD) was initially released on 30 Sep 2016. Now, part 2 of the series [ ... ]

Read more la
Miss America bans bikini; beauty contest not beautiful anymore?

  Miss America is scrapping its swimsuit competition and will no longer judge cont [ ... ]

Read more la
Celebrating 25 years of Jurassic Park

  As the original ‘Jurassic Park’ movie marks its 25th anniversary, actors Jef [ ... ]

Read more la
BTS wins 'Top Social Artist' award two consecutive years in BBMAs

  K-pop group BTS won the "Top Social Artist Award" for the second year in a [ ... ]

Read more la
Burning in Cannes 2018

  'Burning', the latest release by Korean director Lee Chang-dong has soared t [ ... ]

Read more la
ABBA release new music after 35 years

  Swedish pop group ABBA have announced they are releasing new music for the f [ ... ]

Read more la