31 Dec '17, 10am

Singapore GDP Grew 3.5% in 2017, Prime Minister Lee Says

Singapore’s economy expanded 3.5 percent this year more than double the initial government forecast as the country benefited from the global economic upswing, Prime Minister Lee Hsien Loong said in his New Year message Sunday. Lee said the city-state would press on with economic restructuring and infrastructure projects such its fifth airport terminal as well as review healthcare policies to prepare for an aging population. "All these are essential investments in our future. They require time and resources, and will stretch way beyond this term of government. We have to plan well ahead for them," Lee said in a statement released by his office. Singapore’s 2017 growth comes at the top end of the most recent trade ministry prediction of 3 to 3.5 percent and compares with the median 3.3 percent forecast in a Bloomberg survey . The government is due to release preliminary gros...

Full article: https://www.bloomberg.com/news/articles/2017-12-31/singap...

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