14 April 2011. The Singapore economy continued to grow at a healthy pace in the first quarter of 2011. Based on advance estimates1, the economy expanded by 8.5 per cent on a year-on-year basis, compared to 12.0 per cent in the previous quarter. On a seasonally-adjusted quarter-on-quarter annualised basis, the economy grew by 23.5 per cent. This is a strong improvement from the 3.9 per cent growth in the previous quarter.

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MINISTRY OF TRADE AND INDUSTRY
14 April 2011