PM Lee: Slower economic growth this year, but outright contraction should be avoided

Anna Maria Romero
Thu, 04 May 2023 04:00:17 +0000
SG Economy, Singapore News, economic contraction, economic growth, Lee Hsien Loong, May Day message

SINGAPORE: PM Lee Hsien Loong said earlier this week that while the country may expect slower economic growth in 2023, Singapore “should avoid an outright contraction.” The Prime Minister expressed the hope of inflation letting up in the latter part of the year and for retrenchment numbers to stay “manageable.” The semi-annual report on the …