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Old 28-04-2024, 08:00 PM
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Thumbs up PAP: We will trade slower growth to stave off wave of discontent

An honorable member of the Coffee Shop Has Just Posted the Following:

By Rachel Armstrong and Paul Ingrassia
Thomson Reuters June, 2014 8:51am

SINGAPORE (Reuters) - Singapore is willing to accept slower growth as a trade-off for social stability as it aims to keep down the number of foreigners working in the city-state, Finance Minister Tharman Shanmugaratnam told Reuters.

Over the past decade, Singapore's economy has expanded by a 6.4 percent annual average. Tharman said that he would be happy if Singapore grew 3 percent a year, as long as growth was driven...

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