2 notable members of Singapore ruling party have warned us to take this year's expected slowdown in our stride, but still maintain that that Singapore will look at 1-3% growth.
What I expect from the government some pro-active measures to 'take in stride' the expected slowdown. I already seeing a number of companies laying off workers and relocating.
And the 1-3% growth may come from areas that don't employ bulk of Sporeans, e.g. construction and service industries. Why I say construction? We are looking at ramped up BTOs of HDB flats, and tunnels, roads and MRT lines.
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