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Singapore at 57: Looking ahead with confidence

Manu Bhaskaran
Manu Bhaskaran8/4/2022 10:56 AM GMT+08  • 10 min read
Singapore at 57: Looking ahead with confidence
Given the challenges in the global environment, this will be a good opportunity for Singapore to rethink some long standing policies like its fiscal position and public housing / Photo: Samuel Isaac Chua of The Edge Singapore
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As it approaches its 57th birthday, Singapore faces a more troubled operating environment. This is the product of a dizzying series of events in the past six months which saw geo-political conflicts, a decisive monetary tightening, high energy prices and growing risks in China.

While Singapore’s economy starts off from a strong position in 2022, the going will get tougher as we move into 2023 and beyond. Nevertheless, the Republic should adopt a positive approach, taking the more challenging environment as an opportunity to undertake reforms to strengthen its ability to accommodate the changed world.

Singapore must deal with a world that has been decisively transformed

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