03 Jan '12, 10am

Sub-par global growth for at least 2 years: DPM Tharman

File photo of office workers crossing Maxwell Road in the central business district (CBD) area in August 2011. The global economy will see 'sub-par growth' for at least two years. To deal with a possible recession, Singapore will focus on implementing long-term schemes to upgrade companies and workers, rather than short-term, counter-recessionary measures to offset declines in demand, said Deputy Prime Minister Tharman Shanmugaratnam on Tuesday. -- ST PHOTO: JOYCE FANG By Cai Haoxiang The global economy will see 'sub-par growth' for at least two years, said Deputy Prime Minister Tharman Shanmugaratnam on Tuesday. He also said that to deal with a possible recession, Singapore will focus on implementing long-term schemes to upgrade companies and workers, rather than short-term, counter-recessionary measures to offset declines in demand. Mr Tharman was asked by reporters to c...

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

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