Singapore's economy grew 1.3% last year

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.

Join ST's Telegram channel and get the latest breaking news delivered to you.