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SINGAPORE'S economy grew by an estimated 0.8 per cent in the three months to September from a year ago, the first such growth in five quarters, the government said Monday.
While gross domestic product (GDP) will fall in 2009, the government amended its full-year 2009 forecast to a contraction of 2.0 to 2.5 per cent, well below the previous estimate of negative 4.0 to 6.0 per cent.
"A clear but modest recovery is underway globally, at least for the next three or four quarters," the ministry of trade and industry said in a statement.
The year-on-year expansion confirmed Singapore's recovery from the worst recession in its history, which began in the second quarter of 2008.
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