03 Jan '12, 1am

Singaporeans must brace themselves for a 'longish' period of slow growth, MTI minister Lim Hng Kiang says

Singaporeans must brace themselves for a 'longish' period of slow growth, MTI minister Lim Hng Kiang says

Singaporeans must brace themselves for a longish period of slow growth, as the global economy is expected to be in for a slowdown, said Minister for Trade and Industry Lim Hng Kiang. -- ST PHOTO: LIM WUI LIANG By Lim Yan Liang Singaporeans must brace themselves for a longish period of slow growth, as the global economy is expected to be in for a slowdown, said Minister for Trade and Industry Lim Hng Kiang. The Government, however, does not expect an economic crisis. Growth this year for Singapore is still expected to be positive, slowing to between 1 and 3 per cent, from last year's 4.8 per cent. Singaporeans can also expect some reprieve from inflation, which is expected to ease this year, he said on Monday. The minister was speaking to reporters at the sidelines of the launch of the Labrador Nature and Coastal Walk on Monday. Background story BE PREPARED 'We have to take...

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

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