Advance GDP estimates for Q4, whole of 2008 to be released Jan 2

Singapore’s Trade and Industry Ministry says it will release the advance economic growth estimates for the country’s fourth quarter and the whole of 2008 on January 2.

The announcements will be made at 8 am that day.

The Singapore government has brought forward its annual budget sitting, which usually takes place in February, to January 22 next year.

This is to address measures needed to tackle the current global economic downturn.

The government’s forecast for Singapore’s economic growth next year is between a contraction of 1.0 per cent and growth of 2.0 per cent.

Source : Channel NewsAsia – 26 Dec 2008

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