The Financial Express
18 Aug 2008
Singapore’s economic difficulties will continue at least until next year amid rising inflation and a global slowdown, Prime Minister Lee Hsien Loong said.
Consumer prices will gain as much as 7% this year, Lee said in his National Day rally speech. The government this month lowered its 2008 economic expansion forecast to between 4 % and 5 % from an earlier estimate of as much as 6%.
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