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Liputan6.com, Singapore: The Singapore government raised the economic growth target for 2010 to range between 13 to 15 percent, exceeding estimates for China. Robust demand for manufactured exports, particularly biomedical products, resulting in a sharp increase from the estimated growth in gross domestic product (GDP) of 7-9 per cent previously.

In an announcement on Wednesday (14 / 7), the Ministry of Commerce and Industry of Singapore declared in the first quarter GDP growth of 16.9 percent from a year ago. Meanwhile, the expansion of the second quarter is estimated at 19.3 percent. It also, growth will moderate in the second half of this year because of slowing recovery of the United States and European countries debt problems. (ANS / Ant)