Singapore experiences surge in growth

A view of Singapore at night

Economic activity in Singapore surged in the first quarter of 2010, the Monetary Authority of Singapore's Recent Economic Developments report published on Thursday shows.

The report says seasonally adjusted quarter-on-quarter domestic economic activity in Singapore expanded by 22.5% in the first quarter, following modest growth of 3.9% in the fourth quarter of 2010. The central bank said the surge in growth was led by manufacturing activity and trade-related services, while other services

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