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Singapore’s manufacturing sector boosts economic growth beyond expectations

in Afghan Business

Singapore’s manufacturing sector boosts economic growth beyond expectations

singaporeSingapore reports an economic growth of 1.5% in the three months to the end of December, from a year earlier, compared with initial estimates of around 1.1%.

The manufacturing sector, which had recently slumped as a result of global slowdown, had a major contribution to the unexpected growth of the economy. The sector expanded by an annualized rate of 3.1% in the October-December period, compared with the previous three months.

The government, however, thinks the economy still remains prone to the fragile economic conditions in the Eurozone and the United States.

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Signapore manufacturing sectorSingapore economy

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