S'pore Q1 growth tops expectations

Singapore's economy expanded an annualised and seasonally adjusted 2.3% in the January-March period from the previous three months - AFP Photos.

SINGAPORE: Singapore's economy grew faster than initially estimated in the first quarter, handily beating expectations, with solid manufacturing activity and a recovery in developed markets set to underpin growth over the year.

The latest numbers released on Tuesday by the Ministry of Trade and Industry were complied after rebasing effects, with the base year for the national accounts now set to 2010 instead of 2005.