With the manufacturing sector picking up pace and offsetting the weakness in construction sector, the Singapore economy looks ahead for a better future.

The economy again was able to pull out an annualized growth rate of 6.9 percent in the fourth quarter from Oct- Dec period. Though the levels did not really match the expectations of the analysts but were decent enough to bring the country's growth prospects on positive.

The pharmaceutical and construction industries in the nation had witnessed terrible slowdown, which forced the economy to shrink by 18.9 percent in the third quarter that ended on Sep 30. This bounce back in the economy was quite expected by the analysts as the services sector gave huge support, mainly the financial and tourism related businesses.

The quarterly growth figures which are 6.9% way lower than the expected 9.2%, did not affect the trade on the stock market as the stocks on day one of 2011 traded higher. The year on year GDP growth was at 14.7% which dipped by 1.3% in 2009.

The south East Asian economy has seen the construction turmoil coming to an end will hopefully be aiming at wonderful 2011.