World Economy

Singapore Expansion to Continue

Singapore Expansion to Continue Singapore Expansion to Continue

While Singapore’s economy continues to expand steadily, and productivity and incomes are on the rise, external conditions could pose a threat to the country’s growth and prosperity, said Prime Minister Lee Hsien Loong, Todayonline reported. But regardless of the uncertainties caused by global trade tensions and the security situation on the Korean Peninsula, the government wants the country to do as well as possible, said Lee in his National Day message released on Wednesday. “In the meantime, we are strengthening Singapore’s resilience and creating new opportunities,” he said. “In the last few years, the government has been reviewing major education, healthcare and housing policies. We are making changes to improve the lives of Singaporeans, strengthen social safety nets and build a more cohesive nation.” Lee also acknowledged public concerns over the cost of living, citing education, healthcare and housing as the three “significant items” which Singaporeans fret about. In recent years, Singapore’s economy has grown steadily, to the tune of 3% to 3.5%, he noted.


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