Be prepared for "longish period" of slow growth
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SINGAPORE: Trade and Industry Minister Lim Hng Kiang said Singapore needs to be prepared for a "somewhat longish period" of slow growth this year due to the expected slowdown of the global economy.
Mr Lim cautioned that Singapore "can't take things for granted" despite signs that the US economy is recovering. He said his ministry will continue to monitor the situation very carefully.
Mr Lim made these points on the sidelines of a community event on Monday morning, in response to questions on Singapore's 2011 economic growth of 4.8 per cent announced by Prime Minister Lee Hsien Loong in his New Year message.
However, Mr Lim added that "if the euro crisis is mismanaged and there is a global financial crisis, then, of course we will turn into a different tier and take different actions."
Mr Lim said: "We have made the forecast for 2012, we expect the economy to (grow one to three per cent in 2012.) This is on the basis that we don't have a global financial crisis... on the assumption that the US will grow at its potential rate.
"Right now, our expectation is that the global economy will slow down but there's no global financial crisis, which means that as PM Lee has said, we have to take this slow growth in our stride."
-CNA/ac -
slow growth in the economy but the growth in population from immigration continues...
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slow growth but taxi fare hike.
what logic is that?
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thats why it is taxi growth ma
as consumers you have a choice ie stop taking cab.
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Its okay.
Nothing is gonna change for me.
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no more kew liao, IR oso built oredi
tt why keep importing immigrants to instant grow the economy mah:-so they can come and take their mrt, use their singtel, buy their hdb, pay their pub, pay them income tax
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AND GIVE US SINGAPOREANS PROBLEMS
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longish period
ponding
so innovative
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Originally posted by the Bear:
slow growth in the economy but the growth in population from immigration continues...
I am always afraid that a few years from now, the population would have hit 6 million even though now they say they are 'calibrating' the inflow.
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Originally posted by charlize:
I am always afraid that a few years from now, the population would have hit 6 million even though now they say they are 'calibrating' the inflow.
i think they calibrate it by going "uhh.. we did what? okay.. we announce we achieved our goal and then increase our own pay"
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Anyway, i am keeping my fingers crossed because they never mention anything equivalent to decreasing population growth.
Just ambiguous words like 'calibrating' or 'i am sorry'.
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Originally posted by charlize:
Anyway, i am keeping my fingers crossed because they never mention anything equivalent to decreasing population growth.
Just ambiguous words like 'calibrating' or 'i am sorry'.
maybe they'll also say "foreigners are not flooding Singapore.. it's just ponding"
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Originally posted by the Bear:
maybe they'll also say "foreigners are not flooding Singapore.. it's just ponding"
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Originally posted by the Bear:
maybe they'll also say "foreigners are not flooding Singapore.. it's just ponding"
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prepared!!
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opportunity coming?
can buy cheap goods
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Slow growth but inflation higher than booming economies like China.
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Just get rid of lee hsien loong and PAP, situation will improve. Good for nothing bunch of "government" who only are interested to indulge in profit making out of the nation.
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Maybe slow growth will force all the foreign workers to go back home and less speculation on local property prices, so property prices will start to fall.
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Totally nonsense statement from the ministars once again
It's like saying: "Obvious cat is obvious"
got say, no say, no diff...
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Talk so much ! slow growth then lower the salary to that of the third world ministers.
Get highest salary but never prove they deserve the pay. Get highest salary but produce substandard or below par performance, booooooooooo!
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Inflationary growth.
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Originally posted by ^Acid^ aka s|aO^eH~:
Totally nonsense statement from the ministars once again
It's like saying: "Obvious cat is obvious"
got say, no say, no diff...
What is obvious cat?
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Didn't know this song was by him.