Pursuits
Singapore Economy Grew Last Quarter After Production Pick-Up
This article is for subscribers only.
Singapore’s economy expanded last quarter after a pick-up in manufacturing at the year end, with the government predicting an improvement in overseas demand in 2014 amid a global recovery.
Gross domestic product rose an annualized 6.1 percent in the three months through December from the previous quarter, when it climbed a revised 0.3 percent, the trade ministry said in a statement today. That compares with a January estimate of a 2.7 percent contraction and the median in a Bloomberg News survey of 12 analysts for a 0.8 percent gain.