11 Apr '11, 10am

Recent crisis in Japan and Middle East not likely to impact S'pore economy

Recent crisis in Japan and Middle East not likely to impact S'pore economy

SINGAPORE: The recent earthquake and tsunami in Japan and the conflicts in the Middle East and Africa are not expected to have significant impact on Singapore's economy. This is according to the preliminary assessment of the Ministry of Trade and Industry. "Barring any further deterioration in events in Japan and the Middle East and North Africa region, Singapore's economic outlook remains positive," said Trade and Industry Minister Lim Hng Kiang during his speech at parliament Monday. He was responding to questions by members of Parliament Mdm Halimah Yacob, Mr Teo Siong Seng and Mdm Ho Geok Choo. Mr Lim said early indicators of industrial production and exports show that the economy will continue to grow at a healthy pace and there are signs that recovery in advanced economies is also gaining ground. Domestic economic growth for the year is expected to be in the range of...

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

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