Slower growth feared for Singapore

DPM Tharman said the government will spend more in the next five years to sustain growth. MAS meanwhile will continue “judicious management” of the dollar to curb inflation.

A Bloomberg report quoted Finance Minister Tharman Shanmugaratnam as saying, “In this environment of heightened risk and volatility, MAS will continue to provide the basis for economic and financial stability in Singapore.”

He said the headwinds from slower global growth will mean slower growth in Singapore in the next few years.

View the report here.

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