SINGAPORE (Reuters) – Singapore’s economy grew slightly less than initially estimated in the fourth quarter from a year ago, official data showed on Monday, and the government kept its forecast for annual growth to come in at 0.5% – 2.5% this year.
Gross domestic product (GDP) grew 2.1% year-on-year in the fourth quarter, the Ministry of Trade and Industry (MTI) said, slightly lower than the 2.2% growth in the government’s advance estimate.
Analysts had expected a 2.3% increase, according to a Reuters poll.
For the full year, GDP grew 3.6% versus an initial 3.8% estimate.
(Reporting by Chen Lin in Singapore; Editing by Sam Holmes)
