Singapore Q4 GDP +1.6% q/q annualised (expected +3.6%)

Singapore preliminary data for October to December economic growth

• +1.6% q/q (annualised & seasonally adjusted)
• +2.2% y/y

For whole of 2018 + 3.3%

• compared to +3.6% in 2017

Government forecast for 2018 growth was 3.0 to 3.5%

• for 2019 its forecast 1.5 - 3.5%

Singapore growth is being hit by the trade war and its effects (less robust demand, exports too)