23 Jan '12, 3am

Economy likely to be slower in 2012: PM Lee

Economy likely to be slower in 2012: PM Lee

SINGAPORE: Prime Minister Lee Hsien Loong said the economy is likely to be slower this year, but it is not going to be as bad as the recession during 2008 and 2009. Speaking to reporters on Monday after meeting public transport workers during his traditional visit to essential services during the Lunar New Year, Mr Lee said Singapore has to take the slowdown in its stride. He indicated that the government will know what it needs to do. The upcoming Budget next month is expected to address the impending economic slowdown. It was a rare sight to see the Prime Minister travelling on the MRT with morning commuters. Mr Lee gave out hong baos to SMRT staff at seven stations on the North-South line from Ang Mo Kio to Newton. He also met SBS Transit staff at the Jurong East Bus Interchange. The last time Mr Lee met public transport workers during the Lunar New Year was five years ...

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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