Singapore's Prime Minister Lee Hsien Loong said that his country's economy is expected to grow annually at around 5 percent or more over the next five years, local media reported on Tuesday.

He told U.S.-based The Wall Street Journal that the next three to four years would be good growth years, unless there's a disaster, such as a possible recession in the United States, worldwide currency instability, or a major terrorist attack in the region, according to local television Channel NewsAsia reports.

The PM also said the growth forecast for this year is 4.5 percent to 6.5 percent.

Source: Xinhua