Dec. 31 (Bloomberg) -- Singapore’s economy is improving after a “volatile” year that saw it shrink for the first time since 2001, Prime Minister Lee Hsien Loong said.Gross domestic product fell 2.1 percent this year, Lee, 57, said in his New Year message today. That’s in line with the government estimate for a contraction of 2 percent to 2.5 percent. The trade ministry forecasts the economy will expand 3 percent to 5 percent in 2010, an estimate reiterated by Lee.
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