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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... Read more Click here to view the whole thread at www.sammyboy.com. |
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