Economics
Singapore Economy Expanded More Than Estimated Last Quarter
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Singapore’s economy grew more than initially estimated last quarter as demand for the island’s exports improved amid a recovery in the U.S.
Gross domestic product rose an annualized 3.2 percent in the three months through March from the previous quarter, the Ministry of Trade and Industry said in a statement on Tuesday, compared with an April estimate of 1.1 percent. The median forecast in a Bloomberg News survey was 2 percent.