31 Jul '11, 3pm

Singapore economy to grow steadily: DPM Teo

Deputy Prime Minister Teo Chee Hean said he expected the Singapore economy to grow steadily in the coming year, but warned of uncertainties in the other countries that could affect Singapore. -- ST PHOTO: ALPHONSUS CHERN DEPUTY Prime Minister Teo Chee Hean said he expected the Singapore economy to grow steadily in the coming year, but warned of uncertainties in the other countries that could affect Singapore. Addressing Pasir Ris residents at a racial harmony event on Sunday, he singled out problems in places like the United States, Europe and Japan that could affect the world economy. He noted that in the United States, for instance, a budget has not been agreed upon to allow the government to continue paying for services for its people. This will cause some uncertainties to the greenback and interest rates, which can affect the United States as well as the global economy...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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