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Singapore targets economic growth of 3–4% over decade
['Vietnam', 'Vietnamplus']
Vietnam+ (VietnamPlus)
Singapore (VNA) – Singapore aims for economic growth of between 3% and 4% over the decade – a pace comparable with advanced economies such as New Zealand, Sweden, and Switzerland, Deputy Prime Minister Gan Kim Yong told the Parliament on September 22.
However, he cautioned that boosting growth will not be easy, given the deteriorating global trade and economic environment as well as challenging domestic trends.
He called for a new economic blueprint to steer Singapore forward in a changing world.
Productivity growth is projected at around 1% to 2% during the same period.
The official said that efforts to define a new economic blueprint for Singapore are aimed at strengthening the nation’s position in both existing and emerging growth areas.
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