SINGAPORE (Dec 25): The past 12 months have been mostly kind to Singapore. The economy has regained some traction, and that has lifted the mood somewhat. Looking forward, we can say two things. First, the economic prospects in 2018 appear encouraging — next year may well be even rosier than this year’s better-than-expected outcome. Second, this economic rebound helps Singapore buy time to address its structural challenges. It is crucial that the respite Singapore has gained from the global economic recovery be put to good use in crafting bold responses to these challenges.

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