Singapore's Economy Seen Growing Around 2.5 Percent in 2017: PM Lee

Singapore Prime Minister Lee Hsien Loong said on Tuesday (08/08) that he expects the city-state's trade-reliant economy to grow around 2.5 percent in 2017. (Reuters Photo/Edgar Su)

By : Masayuki Kitano and Sam Holmes | on 11:00 PM August 08, 2017
Category : International, SE Asia

Singapore. Singapore Prime Minister Lee Hsien Loong said on Tuesday (08/08) that he expects the city-state's trade-reliant economy to grow around 2.5 percent in 2017.

"We are working with businesses and workers to transform industries one by one and to prepare for the future economy. This year we expect growth of around 2.5 percent, higher than last year," Lee said in a public message ahead of Singapore's National Day on Wednesday.

The government has previously said full-year GDP growth this year is likely to come in higher than 2.0 percent "barring the materialization of downside risks", but kept its official growth forecast at 1.0 to 3.0 percent.

 
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