Interactive Investor, 25 Jan 2009
SINGAPORE, Jan 25 (Reuters) - Prime Minister Lee Hsien Loong said on Sunday that the government's S$20.5 billion ($13.7 billion) stimulus package will not immediately lift the country out of a recession, which may possibly last for the whole of 2009.
"The recession is a global one, and we must expect to see exports contract, unemployment rise, and growth remain negative for more months, and perhaps for the whole year," Lee said in a message for the Lunar New Year.
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