Singapore 'should avoid economic contraction', says PM Lee Hsien Loong


SINGAPORE, April 30, 2023 (AFP): Singapore is expected to post slower economic growth this year but it "should avoid an outright contraction", Prime Minister Lee Hsien Loong said Sunday.

The South-East Asian city-state's economic performance is often seen as a barometer of the global environment because of its reliance on trade with the rest of the world.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Singapore , PM , Economic , Message , Contraction

Next In Aseanplus News

Ferry accident revives Indonesia’s ‘Bermuda Triangle’ myth
AI courses, new centre launched by workforce agency to boost career support in Singapore
Anthropic signs first Australia data centre agreement
Chinese investors rush into US stocks as Beijing opens wider path overseas
'Physical: 100' star Sexyama to pause TV activities ahead of MMA retirement fight
Umno's Seberang Perai councillor quits over remarks about DAP
Gold gains with Fed rate decision in spotlight
Takaichi projects power in Cabinet reshuffle before US trip
Ho Chi Minh City promotes high-tech urban agriculture and food processing
Rain helps ease haze conditions across Brunei

Others Also Read