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Why is Singapore unafraid of slower growth globally?

Jeffrey Tan
Jeffrey Tan • 1 min read
Why is Singapore unafraid of slower growth globally?
SINGAPORE (Jan 11): Despite warnings of slower growth globally, it seems that many are not too worries about how the local economy will perform this year.
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SINGAPORE (Jan 11): Despite warnings of slower growth globally, it seems that many are not too worries 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.

Jamus Lim, associate professor at the economics department of the ESSEC Business School Asia-Pacific, points out that Singapore’s policymakers have long prepped for the slowdown, by focusing efforts on innovation, knowledge industries and technological capacity.

In addition to these policies, Asia’s long-term fundamentals would continue to support growth in Singapore and provide “strong tailwinds” for the long term.

So, how should Singapore navigate a slower growth environment?

Find out more in this week’s issue of The Edge Singapore (Issue 864, week of Jan 14), on sale now at newsstands.

Subscribers can log in and read the story "Policy challenge: Inclusive growth policies needed amid slowing economy" here. Or click here to subscribe

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