The Singapore economy continued to register strong growth in the third quarter of 2007. Advance estimates showed that real gross domestic product (GDP) rose by 9.4 per cent on a year-on-year basis, up from 8.7 per cent in the previous quarter.
The data indicated that the economy is well on track to meet the government's forecast of seven to eight per cent growth for the year.
On a quarter-on-quarter annualised basis, real GDP growth decelerated to 6.4 per cent from 14.4 per cent in the second quarter.
The advance estimate, based largely on data from July and August, gives an early indication of the economy's performance in the third quarter. - CNA/ac
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