"We must acknowledge that we are now more developed economically than we were 10 or 15 years ago, and we can no longer grow as rapidly as before," Mr. Lee said in a transcript of a speech released by the government Thursday, noting that Singapore's economy averaged 5% annual growth from 1999 to 2009. "Overall, if you take it over the next decade, I think 5% will be a stretch." Full Story
PM Lee: S'pore Says Annual Growth Won't Average 5%
The Wall Street Journal, 29 Jan 2010
"We must acknowledge that we are now more developed economically than we were 10 or 15 years ago, and we can no longer grow as rapidly as before," Mr. Lee said in a transcript of a speech released by the government Thursday, noting that Singapore's economy averaged 5% annual growth from 1999 to 2009. "Overall, if you take it over the next decade, I think 5% will be a stretch." Full Story
"We must acknowledge that we are now more developed economically than we were 10 or 15 years ago, and we can no longer grow as rapidly as before," Mr. Lee said in a transcript of a speech released by the government Thursday, noting that Singapore's economy averaged 5% annual growth from 1999 to 2009. "Overall, if you take it over the next decade, I think 5% will be a stretch." Full Story
