SINGAPORE (Jan 14): Despite the ringing warnings of slower growth globally, observers whom The Edge Singapore have spoken to seem not too worried about how the local economy will perform this year. This is because, for one, the government is “pre-emptive” and “prepared” for the slowdown, reckons Joanne Goh, regional equity strategist at DBS Group Research. She notes that the government has many policy tools on hand to weather the storm ahead. “While managing the cyclical downturn, long-term goals of upgrading the economy, infrastructure building, SmartNation initiatives, healthcare reform [and] flexible foreign worker policies should see the economy facing the global downturn in its stride,” she writes in a Jan 7 note.

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