Singapore will manage economic cycles: Heng

San Francisco

THE Singapore economy will go through cycles and the government is prepared for that, Finance Minister Heng Swee Keat told Singapore media in San Francisco on the sidelines of a tech forum on the last day of his 11-day trip to the US.

"If there is a need for us to use counter cyclical monetary and fiscal policy to manage that, we will," he said on Saturday in response to a question on whether there was concern over signs of a slowdown in the economy.

"But what is more important is for us to continue to focus on very major structural changes which are happening in the global economy and the Singapore economy," he said.

"We must stay very focused on our industry transformation and looki…