Take economic fluctuations in stride: PM Lee

The Prime Minister has signalled that this year's Budget will be different from that in 2009, when the Government 'had to go all out' to support the economy in the face of 'a once in a generation' recession. -- THE NEW PAPER PHOTO: KELVIN CHNG By Janice Heng The Prime Minister has signalled that this year's Budget will be different from that in 2009, when the Government 'had to go all out' to support the economy in the face of 'a once in a generation' recession. Mr Lee Hsien Loong was asked by reporters if Singaporeans could expect hongbao, or red packets, in the upcoming Budget, given the uncertain economic outlook. The economy is expected to grow by between 1 and 3 per cent this year, down from last year's 4.8 per cent. The last time Singapore saw such slow growth was when the global financial crisis hit in 2008. The economy grew just 1.5 per cent that year, and contract...

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

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@followLin » 02 Jan '12, 3pm
It means no Ang pow lah @STcom: Take economic fluctuations in stride: PM Lee [link]
@kixes » 02 Jan '12, 10am
@ASE Ours just told us to "take economic fluctuations in stride". [link]
@occupysg » 02 Jan '12, 6am
The government cleverly chose not to highlight the hard truth that unlike previous recessions, Singapore in the... [link]
@tocsg » 02 Jan '12, 5am
"He said in reply that the current economic climate is very different from that in 2008 and 2009. Singaporeans... [link]
@babyhuggy » 02 Jan '12, 4am
RT @STcom: Take economic fluctuations in stride: PM Lee [link]
@SingaporeTimes » 01 Jan '12, 11pm
Take economic fluctuations in stride: PM Lee [link] #Singapore
@walkerayen » 01 Jan '12, 11pm
Take economic fluctuations in stride: PM Lee: By Janice Heng The Prime Minister has signalled that this year's B... [link]
@Nohsani » 02 Jan '12, 12pm
RT @STcom: Take economic fluctuations in stride: PM Lee [link]
@STcom » 02 Jan '12, 3am
Take economic fluctuations in stride: PM Lee [link]
@chuanboonlim » 02 Jan '12, 1am
Take economic fluctuations in stride: PM Lee [link]
@roxalilly » 01 Jan '12, 11pm
Take economic fluctuations in stride: PM Lee: By Janice Heng The Prime Minister has signalled that this year's B... [link]
@hametwiseman » 01 Jan '12, 11pm
Take economic fluctuations in stride: PM Lee: By Janice Heng The Prime Minister has signalled that this year's B... [link]