Singapore Q4 GDP growth revised sharply higher as manufacturing surges

Singapore Q4 GDP growth revised sharply higher as manufacturing surges
Singapore Q4 GDP growth revised sharply higher as manufacturing surges

That compared with the government's initial estimate on Jan. 3 of a 9.1 percent expansion and the median forecast in a Reuters survey of 12.6 percent growth.

Gross domestic product grew 2.9 percent in the fourth quarter from a year earlier, up from the advance estimate of 1.8 percent expansion.

Full-year growth in 2016 was revised up to 2.0 percent from 1.8 percent.

The trade-reliant economy is expected to grow 1.0 to 3.0 percent in 2017, the Ministry of Trade and Industry said in a statement on Friday, keeping its forecast unchanged.

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