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Singapore's economy grew 1.3% last year

Published on Feb 22, 2013 8:13 AM
 
Office and bank towers, and glass-clad skyscrapers in the Singapore Central Business District on March 7, 2012. Singapore's economy grew a better-than-expected 1.3 per cent last year, according to figures announced by the Ministry of Trade and Industry on Feb 22, 2013. -- ST FILE PHOTO: ALPHONSUS CHERN

The Singapore economy grew a better-than-expected 1.3 per cent last year, according to figures announced by the Ministry of Trade and Industry this morning. The economy grew 1.5 per cent in the fourth quarter.

The Ministry of Trade and Industry maintained its 2013 GDP growth forecast at between 1 and 3 per cent.