Singapore to release advance Q2 GDP estimates on July 14

An office worker seen at Raffles Place, the heart of the central business district, in 2015.
An office worker seen at Raffles Place, the heart of the central business district, in 2015. PHOTO: ST FILE

SINGAPORE - The Ministry of Trade and Industry (MTI) will release the advance GDP estimates for the second quarter of 2016 on July 14 at 8am.

The economy grew 1.8 per cent in the first quarter from the the same period a year ago. Private sector economists surveyed by the Monetary Authority of Singapore (MAS) in June said they expected second-quarter growth to come in 2 per cent.

Singapore's growth forecast for this year has been pared again, this time by ratings agency Moody's.

Moody's Investors Service last week cut its forecast for trade-dependent Singapore's full-year economic growth to 1.6 per cent from 1.8 per cent, citing slowing external demand and its linkages with China.

The Singapore Government's official forecast is for growtn this year of between 1 per cent and 3 per cent