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Steady growth ahead with GDP up 4.3% in Q1

Manufacturing was the key growth driver, but economists expect services to take over as key driver this year

Janice Heng

Published Fri, Apr 13, 2018 · 09:50 PM

Singapore

SINGAPORE'S first-quarter gross domestic product (GDP) growth came in at 4.3 per cent, right in line with economists' expectations, according to Ministry of Trade and Industry (MTI) advance estimates on Friday.

This year-on-year rise was higher than the 3.6 per cent expansion in the final quarter of last year. But on a quarter-on-quarter seasonally adjusted, annualised basis, GDP rose by 1.4 per cent in the first quarter, slower than the previous quarter's 2.1 per cent rise.

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