SINGAPORE (Reuters) - Singapore's fourth-quarter economic growth was revised higher on Friday, helped by a sharp rebound in manufacturing, though there is heightened uncertainty about the outlook amid concerns about trade protectionism under U.S. President Donald Trump.
The economy grew 12.3 percent in the October-December period from the previous three months on an annualized and seasonally adjusted basis, the Ministry of Trade and Industry said in a on Friday.
That compared with the government's initial estimate on Jan. 3 of a 9.1 percent expansion and the median forecast in a Reuters survey of 12.6 percent growth.
Gross domestic product grew 2.9 percent in the fourth quarter from a year earlier, up from the advance estimate of 1.8 percent expansion.
Full-year growth in 2016 was revised up to 2.0 percent from 1.8 percent.
The trade-reliant economy is expected to grow 1.0 to 3.0 percent in 2017, the Ministry of Trade and Industry said in a statement on Friday, keeping its forecast unchanged.