Singapore's gross domestic product expanded 1.8 percent at a seasonally adjusted annualized rate in the fourth quarter of 2012 on a quarterly basis, advance estimates by the Ministry of Trade and Industry showed Wednesday.
The growth followed a 6.3 percent contraction in the third quarter. Economists had forecast a 1.6 percent growth.
In the year to the December quarter, the GDP was up 1.1 percent compared to forecasts for a 1.4 percent rise. In the third quarter, the economy recorded zero growth.
The GDP growth rate for the full year was 1.2 percent, the ministry said.
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