You are here

Expect a '3 plus and minus 5%' model of future growth

Mr Chan said a wider growth range means redistribution through social policies will be affected too, since it will be more difficult to help everyone move together.


INSTEAD of the "5 plus and minus 1" per cent growth of yesteryear, Singapore's economy will likely enter a phase of "3 plus and minus 5" per cent growth, arising from technological disruption and global trade tensions, said Minister for Trade and Industry Chan Chun Sing.


BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to