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Post by : Badri Ariffin
In a significant announcement during his New Year address, Prime Minister Lawrence Wong revealed that Singapore's economy experienced a remarkable growth rate of 4.8% in 2025, outstripping early predictions. This unexpected performance showcases the nation’s resilience in the face of intricate global challenges.
Wong characterized this achievement as "better than anticipated," given the tough economic context. However, he highlighted the necessity for caution, stating that replicating this growth trajectory moving forward may prove challenging.
He pointed to the ongoing disruptions in global trade and escalating geopolitical tensions as enduring difficulties that cannot be ignored. According to Wong, such factors symbolize lasting transformations within a more divided global economy.
The Prime Minister’s remarks underline the imperative for Singapore to remain adaptable and responsive as it navigates an increasingly uncertain international environment. While the 4.8% growth is a commendable milestone, ensuring sustained economic vitality will demand strategic initiatives to address these lasting changes.
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