Singaporeans have to be prepared for the next three to four years as the journey may not be so smooth, cautioned Deputy Prime Minister Tharman Shanmugaratnam on Saturday.
He added that the next few years could witness slow growth and even bouts of recession in the most advanced economies.
The tumbling of the stock market over the past week at a level not seen since 2008 has echoed the crisis of confidence in the United States, Europe and Japan. Full story
