Category: Economy & Financial
Articles on Economy and Financial related Matters in Singapore
Mr Lee said, "We must stay well organised, and keen and hardworking to be able to take advantage of an upturn in international trade, especially in manufacturing products, when the present troubled political and financial situation is settled. By then, prices of basic foods like rice should go down dramatically with normal harvests.
In this way, we can ride over the presently rough economic conditions and gradually but steadily raise our real living standards."
Singapore and Australia aim to create a seamless digital trading environment which is crucial for businesses during this COVID-19 pandemic.
Singapore's economy is expected to recover strongly next year with GDP expected to grow by 7% after shrinking 6% this year.