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No need yet for economic stimulus, PM says, as Singapore looks to infrastructure for the future

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No need yet for economic stimulus, PM says, as Singapore looks to infrastructure for the future

Stanislaus Jude Chan Published on Mon, Aug 19, 2019 / 7:07 AM GMT+8

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SINGAPORE (Aug 19): Even as Singapore teeters on the edge of a technical recession, Prime Minister Lee Hsien Loong says there’s no need yet for immediate economic stimulus measures.

However, he adds that the government is prepared, and will “promptly respond” with appropriate interventions if the situation worsens.

Speaking at the National Day Rally 2019 on Sunday, Lee acknowledges that Singapore's economic growth has slowed significantly, but notes that retrenchment and unemployment rates in the city state remain low.

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No need yet for economic stimulus, PM says, as Singapore looks to infrastructure for the future

Singapore news

No need yet for economic stimulus, PM says, as Singapore looks to infrastructure for the future

Primary tabs

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No need yet for economic stimulus, PM says, as Singapore looks to infrastructure for the future

Singapore news

No need yet for economic stimulus, PM says, as Singapore looks to infrastructure for the future

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