"Against this backdrop, the Singapore economy performed broadly in line with
expectations in the third quarter, with growth primarily supported by the finance &
insurance, manufacturing and business services sectors. Taking into account
Singapore’s GDP performance in the third quarter, GDP growth in the first three
quarters of the year came in at 3.6 per cent on a year-on-year basis.
For the remaining quarter of the year, Singapore’s GDP growth is expected to
moderate but remain firm. In particular, outward-oriented sectors such as the
manufacturing and finance & insurance sectors are expected to continue to expand,
albeit at a more moderate pace, and support GDP growth for the rest of the year.
Taking these factors into consideration, the 2018 GDP growth forecast for
Singapore is narrowed upwards to “3.0 to 3.5 per cent”, from “2.5 to 3.5 per cent”. "

Read the whole MTI report properly. It has narrowed up its GDP growth forecast. Means economy is maintained. Your bonus is paid by year, not quarter. A drop from quarterly 4.1% to 2.2% growth do not equate a bad year. The first half of the FY was very strong.