SINGAPORE - Singapore's economy grew by 3.7 per cent in 2013, Prime Minister Lee Hsien Loong said on Tuesday, as he stressed the need for a balanced approach on foreign workers, whose presence has underpinned growth but riles some citizens.
"Our economy has done well. It grew by 3.7 per cent in 2013 - better than initially expected," Lee said in his New Year message.
The 3.7 per cent growth for 2013 cited by Lee is in line with the official forecast of 3.5 per cent to 4.0 per cent growth announced in November. In 2012, Singapore's economy grew by 1.3 per cent.