Published on: 12-Jun-2020
The Business Times / sgSME / Berita Harian, page 9 (13 Jun)
With the Covid-19 pandemic leading to a less globalised world, Singapore cannot expect the growth rates of the past. But globalisation will not end, and Singapore retains its international advantages, said economists. NTU professor of economics Tan Kong Yam sees things stabilising in 2021, with a chance of growth averaging 2 to 3 per cent per year over the next decade, but this will be volatile, fluctuating between 1 and 5 per cent. Singapore retains advantages such as being a hub for the region, not least with the relative decline of Hong Kong, added Prof Tan.
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