Singapore’s productivity rates in 2012 have not been very positive, says Acting Manpower Minister Tan Chuan Jin.
Employment has grown much faster than GDP over the same period.
Replying to a question in Parliament, he explained that Singapore’s target of 2 to 3 per cent productivity growth per annum is a stretched target, as most developed economies achieve an average of 1 to 2 per cent productivity growth per annum. Full story
