Singapore says economy slowed sharply in January-March

This photograph taken on March 3, 2014 shows the financial district in Singapore. Singapore's economic growth slowed sharply in the first three months of the year, data showed on April 14, but the central bank stood pat on monetary policy saying it would be lifted by a pick-up in global growth - AFP Photo.

SINGAPORE: Singapore's economic growth slowed sharply in the first three months of the year, data showed Monday, but the central bank stood pat on monetary policy saying it would be lifted by a pick-up in global growth.

Preliminary estimates showed the city-state's trade-reliant economy expanded a seasonally adjusted 0.1% quarter on quarter, the trade ministry said. That compared with 6.1% expansion in October-December.