For­get the past as Sin­ga­pore es­capes the eco­nomic trough in 2017 BY ONG KAI KIAT

Singapore Business Review - - NEWS FROM SBR.COM.SG -

It can be dif­fi­cult to let go of the past and look for­ward to the fu­ture.

Af­ter the Global Fi­nan­cial Cri­sis of 2009, Sin­ga­pore re­bounded with a strong 15.2% growth in 2010 which siz­zled down to 2% in 2016.

This led to a re­cent as­sess­ment by some ob­servers that Sin­ga­pore is an eco­nomic malaise and would have a weaker 1% growth in 2017. The ac­tual sit­u­a­tion can­not be fur­ther away from the truth.

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