Singapore: The republic's economy grew 5.2% in the second quarter this year, from 2.7% in the first, mainly due to an expansion in biomedical output and robust performance in key services sectors such as wholesale and retail trade, and financial services.
The Trade and Industry Ministry said that during the period, the growth momentum on an annualised quarter-on-quarter basis accelerated to 18% compared with a contraction of 4.6% in the first quarter.
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