Singapore to face worst economic crisis since World War II

BBC News, 18 Mar 2009, Jonathan Head



Singapore's prime minister Lee Hsien Loong has warned that his country faces its worst economic crisis since World War II.
Exports from Singapore are falling at their fastest rate since records began, down 24% last month on 2008 figures, and down 35% in January.
Ministers are predicting that Singapore's trade-dependent economy will contract by up to 10% this year.
In an exclusive interview, Mr Lee told the BBC how his government will cope.
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