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

Singapore

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.

This new reality will have wide implications for companies and whole industries that fall on either side of the spectrum, Mr Chan said. The wider growth range means redistribution through social policies will be affected too, since it will be more difficult to help everyone move together.