Singapore's economy grew 3.8% in second quarter
The Singapore economy expanded by 3.8 per cent in the second quarter from the same period a year ago, a more robust rise than the 0.2 per cent growth recorded in the first three months of the year.
Growth was mainly supported by the biomedical manufacturing and electronics clusters, the Ministry of Trade and Industry said Monday.
Manufacturing also provided a boost, reversing earlier declines to grow by 0.2 per cent from the same period last year.
Signs show that stronger growth may continue for the rest of the year, added MTI.