(Nov 20): Singaporean Prime Minister Lee Hsien Loong says his country is expected to exceed expectations this year by recording economic growth above 3%.

Addressing his People’s Action Party’s 2017 convention on Sunday, Lee said Singapore was benefiting from an improved world economy, but would have to press on with plans to restructure and upgrade the economy to sustain growth.

“Our unemployment remains low, wages have gone up, and most significantly productivity has picked up,” said Lee. “Initially we expected 1.5% growth, then we revised it up to 2% to 3%, now it looks like we may exceed 3%.”

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