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SINGAPORE, Dec 31 — Singapore’s economy grew 4.8 per cent in 2011, Prime Minister Lee Hsien Loong said today, indicating the city-state’s gross domestic product (GDP) contracted sharply during the last three months of the year.“We achieved steady growth of 4.8 per cent this year,” Lee said in his New Year message.“The external environment is ... Read more at http://www.themalaysianinsider.com/business/article/singapore-pm-says-economy-grew-4.8pc-in-2011/