4-Jan-2011 11:17 AM

Singapore GDP grows 7% in Dec-2010 quarter

Singapore's Ministry of Trade and Industry stated GDP rose an annualised 6.9% in the three months ended 31-Dec-2010 from the previous quarter when it contracted a revised 18.9% (Bloomberg/Channel News Asia, 03-Dec-2010). GDP growth of up to 6% is estimated for 2011.