Good PM Lee's 2023 May Day Speech, "No Recession For Sinkies In 2023!" Majulah PAP!

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Good PM Lee's 2023 May Day Speech, "No Recession For Sinkies In 2023!" Majulah PAP!

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01-05-2023, 08:40 AM

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Good PM Lee's 2023 May Day Speech, "No Recession For Sinkies In 2023!" Majulah PAP!

An honorable member of the Coffee Shop Has Just Posted the Following:

Singapore expects to see slower growth in 2023, but should avoid an outright contraction, Prime Minister Lee Hsien Loong said in his May Day message.

While inflation is still high, there is some hope that it will moderate in the second half, he added.

Meanwhile, unemployment rates have stayed low and retrenchment rates have remained manageable.

Overall, Singapore can be "cautiously optimistic" about its...

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