China Daily, 9 Nov 2008, Xinhua
SINGAPORE -- Singapore's Finance Minister Tharman Shanmugaratnam Sunday said the world will not come out of the current economic decline soon and the city-state is planning a expansionary Budget of 2009 to survive its economy.
Speaking at a community event Sunday morning, Shanmugaratnam said, "it would be prudent to assume that the world will not come out of this encomic decline soon. Even if the Group Seven (G7) economies come out of recession after 2009, they are likely to see a weak recovery, not a firm rebound."
Read More
Related News:
Singapore's 2009 budget to be expansionary-FinMin - Forbes.com, 9 Nov 08
