31 Dec '16, 9pm

Does Singapore have the mettle to survive tough times ahead?

Does Singapore have the mettle to survive tough times ahead?

If you thought 2016 was a difficult year, don't hold your breath for things to get better this year. The consensus among many, going by the latest business survey, is that it will get even tougher. Economists forecast the Singapore economy to grow by 1-3 per cent this year, after growing by less than 1.5 per cent in 2016. This means another year of slow growth - that's new territory for Singapore which it has never been before. In previous years, when the economy was depressed, it almost always bounced back, sometimes spectacularly, the next year or, at the most, the following. It has never experienced more than two years of sluggish growth. Even more worrying is that no one can say when the turnaround might happen. You may think it is to be expected that growth will slow down when an economy matures, as it has for many of the advanced countries, including Japan, South Kor...

Full article: http://www.straitstimes.com/singapore/does-singapore-have...

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