Singapore to Deliver New Growth Map With Economy Under Strain
- Economy expanded least since 2009 last year as exports slumped
- Working population is set to decrease in coming years
People sit on a set of steps on Orchard Road in Singapore, on Sunday, Dec. 16, 2016.
Photographer: Sanjit Das/BloombergThis article is for subscribers only.
Singapore is due to deliver a blueprint outlining strategies to boost the economy as the export-dependent nation seeks new growth engines.
The Committee on the Future Economy will publish its recommendations in a few weeks time, Prime Minister Lee Hsien Loong said in his New Year Message, days before the government reported that growth slumped to a seven-year low in 2016. Southeast Asia’s only developed economy faces risks including rising trade protectionism in the U.S. and a slowdown in China.