SINGAPORE (Aug 26): “This is a trade war that should have taken place a long time ago. Somebody had to do it. I am the chosen one.” — US President Donald Trump on the ongoing trade war with China.
No need for economic stimulus yet, PM Lee says
Even as Singapore teeters on the edge of a technical recession, Prime Minister Lee Hsien Loong says there is no need yet for immediate economic stimulus measures. However, the government is prepared and will “promptly respond” with appropriate interventions if the situation worsens. “We have experienced cyclical downturns like this in the past, and we are confident we can take this one in our stride,” he said at the National Day Rally on Aug 18.