Singapore'e trade-sensitive economy exceeded forecasts to expand 3.7 percent in 2013, Prime Minister Lee Hsien Loong said Jan. 1, as it benefited from a stabilising global economic environment.
In his New Year message emailed to the media, Lee said the growth rate was "better than initially expected". It topped a previous forecast by him in August of 2.5-3.5 percent growth amid global uncertainties.