Senior Minister Lee Hsien Loong said it is Singapore’s hope that world trade will continue growing, whatever the uncertainties and turbulence ahead. - ST
SINGAPORE: The world cannot assume global trade will continue keeping pace with gross domestic product amid heightened strategic tensions and policy uncertainty, including those brought about by a new administration in the United States, Senior Minister Lee Hsien Loong said.
If the trade-to-GDP ratio begins to fall, there will be serious economic and strategic implications, which will dampen economic growth in many countries at the least, said SM Lee at a lecture during the opening of the Singapore Maritime Week. This will cause further social and political problems domestically and internationally.
