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Predictability needed as anchor with outlook dicey

With the economy clearly needing help this year, a strong case can be made for fiscal policy support in several areas.

The poor GDP data for the third quarter - with the Singapore economy growing just 0.6% over the year - is corroborated by a slew of other economic indicators. Retail sales have plummeted, trade has been moribund, and the economy is beginning to shed jobs at an alarming rate.

WITH the economy decelerating markedly in the third quarter to grow by just 0.6 per cent over the year, Singapore is experiencing its slowest growth since the height of the global financial crisis in 2009. All the main engines of growth seem to have stalled: it was not just manufacturing that...

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