{"id":102646,"date":"2019-01-03T09:50:35","date_gmt":"2019-01-03T02:50:35","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/economic-growth-eases-to-2-2-in-q4\/"},"modified":"2019-01-03T10:04:31","modified_gmt":"2019-01-03T03:04:31","slug":"economic-growth-eases-to-2-2-in-q4","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/economic-growth-eases-to-2-2-in-q4\/","title":{"rendered":"Economic growth eases to 2.2% in Q4"},"content":{"rendered":"


\nThere are signs of slowing growth and worries over worsening trade conflicts and major uncertainties.
\nInitial estimates from the Ministry of Trade and Industry (MTI) published on Wednesday (2 Jan) show that Singapore\u2019s gross domestic product (GDP) edged up by 2.2 percent year-on-year in Q4 2018, reported Channel NewsAsia.
\nThe estimate is slightly below 2.3 percent, which is both the market\u2019s expectation and the economic growth recorded during the third quarter of last year.
\nMore: High Correlation Between Economy And Home Price Growth
\nOn a quarterly seasonally adjusted basis, the city-state\u2019s GDP rose marginally at an annualised rate of 1.6 percent, which is lower than the median projection of 3.2 percent in a Reuters survey and the 3.5 percent posted in Q3 2018.
\nMTI\u2019s announcement follows Prime Minister Lee Hsien Loong\u2019s New Year message, wherein he said Singapore\u2019s economy expanded by 3.3 percent for the whole of 2018. Although this exceeded forecasts, this is slightly slower than the 3.6 percent growth seen in 2017.\u00a0For 2019, the country\u2019s GDP is expected to rise by 1.5 percent to 3.5 percent, said PM Lee. However, there are signs of slowing growth, and the global financial markets are worried over worsening trade conflicts and major uncertainties.
\n\u201cCompared to how we started 2018, where we were coming off a good performance in the second half of 2017, the mood at the moment is certainly a more cautious one,\u201d said Edward Lee, Standard Chartered Bank\u2019s chief economist for ASEAN and South Asia, who expects Singapore\u2019s economic growth to soften to around 2.6 percent this year due to several factors.
\nFor instance, he thinks that the manufacturing industry could suffer further slowdown due to easing growth in developed countries and weaker global market demand. Among the indicators is China\u2019s manufacturing purchasing managers\u2019 index (PMI), which declined for the first time in over two years in December.
\nHome buyers looking for\u00a0Singapore Properties\u00a0may like to visit our\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Economic growth eases to 2.2% in Q4<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

There are signs of slowing growth and worries over worsening trade conflicts and major uncertainties....<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-102646","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-qHA","jetpack-related-posts":[{"id":158296,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gcc-gdp-hits-587-8bn-in-q4-2024-with-1-5-growth-rate\/","url_meta":{"origin":102646,"position":0},"title":"GCC GDP hits $587.8bn in Q4 2024 with 1.5% growth rate","date":"July 28, 2025","format":false,"excerpt":"\r The data showed that non-oil activities contributed 77.9 per cent to the GCC's nominal GDP by the end of the fourth quarter of 2024\r \r Source : arabianbusiness.com\r Read more...GCC GDP hits 7.8bn in Q4 2024 with 1.5% growth rate","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2025\/07\/GCC-spending-1000x652-2.jpg?fit=1000%2C652&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":75667,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/construction-sector-remained-sluggish-in-q4-2017\/","url_meta":{"origin":102646,"position":1},"title":"Construction sector remained sluggish in Q4 2017","date":"January 3, 2018","format":false,"excerpt":"\r Singapore\u2019s construction segment continued to weaken for the fourth straight quarter in Q4 2017, declining by 8.5 percent on a quarterly basis due to sluggish building activities in the private sector, reported TODAYonline, citing statistics from the Ministry of Trade and Industry. Although the recovery in the private property\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":42063,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/real-estate-helped-speed-up-the-philippine-economy-last-year\/","url_meta":{"origin":102646,"position":2},"title":"Real estate helped speed up the Philippine economy last year","date":"January 27, 2017","format":false,"excerpt":"\r Ambitious\u00a0GDP targets already set for 2017 Makati, the financial district of metropolitan Manila. r.nagy\/Shutterstock The property sector played no small part in driving the Philippine economy to one of its fastest growth rates last year. Real Estate, Renting & Business Activities (RERBA) in the Philippines grew 9 percent in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":115192,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mti-downgrades-2020-growth-forecast-as-q1-gdp-fell-by-2-2\/","url_meta":{"origin":102646,"position":3},"title":"MTI downgrades 2020 growth forecast as Q1 GDP fell by 2.2%","date":"March 27, 2020","format":false,"excerpt":"\r The revised growth forecast comes as MTI\u2019s advanced estimates showed that the economy contracted 2.2% year-on-year during the first quarter of 2020. 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