Singapore sees sharp growth
Singapore’s economy grew more sharply than expected in the second quarter, in a further sign of an Asian-led economic recovery. Gross domestic product (GDP) increased by 26 per cent in the last three months compared with the fourth quarter of 2009. Compared with the same period last year, GDP rose by 19.3 per cent. The government raised itsgrowth forecast from nine to 15 per cent, but warned foreign exports could slow in the second half of the year.