Moderate-growth forecast not cause for worry: PM

Singapore

ALTHOUGH Singapore's growth has moderated from the highs of earlier decades, today's forecast of 2 to 4 per cent is "quite good for a mature economy", Prime Minister Lee Hsien Loong said in Parliament on Thursday.

Speaking during the debate on the President's address, he noted that the modest forecast has sparked some anxiety among Singaporeans.But South Korea and Taiwan are growing at a comparable rate, and Japan is growing slower, he noted.