3 January 2011. Economic activity in Singapore picked up in the fourth quarter of 2010. According to advance estimates1, the economy expanded by 12.5 per cent on a year-on-year basis in the fourth quarter of 2010, improving from the 10.5 per cent growth in the third quarter. On a seasonally-adjusted quarter-on-quarter annualised basis, the economy grew by 6.9 per cent, an upturn from the contraction of 18.9 per cent in the previous quarter.

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MINISTRY OF TRADE AND INDUSTRY
3 January 2011