Economy up 3.7% - at higher end of forecast

Singapore

THE economy grew 3.7 per cent last year, near the top end of the official forecast of between 3.5 and 4 per cent.

Prime Minister Lee Hsien Loong said in a fairly upbeat 2014 New Year Message yesterday: "Our economy has done well." He said the economic growth number was better than expected, and that median salaries went up by 3.9 per cent in real terms.