Singapore more than triples earlier Q4 growth in 2014

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Singapore's economy grew more strongly than initially estimated in the final quarter of last year as manufacturing improved, but the country's outlook for this year remained modest at 2.0 to 4.0 per cent in the face of an uneven global recovery. The Ministry of Trade and Industry (MTI) said the country's economy grew by 2.9 per cent in 2014. The growth forecast for 2015 has been maintained at 2.0 to 4.0 per cent. Annualised growth came in at 4.9 per cent in the September-October quarter from the previous three months when the economy expanded 2.6 per cent, it said. That was three times the Government's initial estimate of 1.6 per cent growth.

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