Singapore charts path for growth as globalisation mood darkens

SINGAPORE (Feb 9): Singapore unveiled a set of strategies that reinforce its long-standing commitment to economic openness, as the trade-dependent nation seeks to drive growth in the next decade after a “dark shift in mood away from globalisation”.

(Download the executive summary of the report here)

The country should deepen its international connections and improve the capability of its people and companies to adapt to new geopolitical and economic realities, according to recommendations released Thursday by the Committee on the Future Economy. These adjustments will enable the economy to grow on average 2% to 3% a year, said the committee, led by Finance Minister Heng Swee Keat and Minister for Trade and Industry S. Iswaran.

---

Related Stories

• Greater healthcare assurance; additional $3.1 bil set aside for healthcare subsidies and support
• Encouraging strong partnerships within Singapore and across the world
• Singapore plans to focus on health, infrastructure in Budget 2019

---