Singapore’s Prime Minister Lee Hsien Loong on December 31 announced that the country saw economic growth of 3.7 percent in 2013 on the back of the globe’s stabilising economic environment.

It is higher than the rate of 2.5-3.5 percent that the PM predicted in August when the global economy was facing uncertainties.

In his New Year message sent to the media, he also forecast a growth rate of 2-4 percent for the country in 2014.-VNA