Growth indicators up, but benefits are uneven in disrupted economy

SINGAPORE (Oct 23): This month, a local news organisation shone a spotlight on homelessness in Singapore. Volunteers and staff from social welfare groups found 180 people sleeping in public places in one night.

A good number of them have jobs and flats, yet were spending the nights at 24-hour fast food outlets and back alleys.

Yet, the Ministry of Trade and Industry (MTI) has just put out advance economic growth estimates showing that the Singapore economy grew at its fastest quarterly rate in three years, surpassing expectations.

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