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Singapore economy clocks faster-than-expected growth of 3.6% in 2017
The Singapore economy grew 3.6 per cent last year, faster than initial estimates of 3.5 per cent, according to data released by the Ministry of Trade and Industry (MTI) on Wednesday (Feb 14). That marks a pick-up from 2016’s 2.4 per cent growth, and marks the Republic’s fastest growth since 2014. For the final three months of 2017, gross domestic product (GDP) expanded by 3.6 per cent from a year earlier, easing from the 5.5 per cent rise in the third quarter but quicker than the Government’s earlier estimate of 3.1 per cent growth for the fourth quarter. On a quarter-on-quarter seasonally adjusted basis, the ... (full story)