Mysinchew.com, 23 Feb 2009
SINGAPORE: The next six months will be especially tough for Singapore as there is worse to come in the global economy, Prime Minister Lee Hsien Loong told employers and unionists Sunday (22 Feb).
The US economy is sick, Western Europe has its own problems and Eastern European economies pose another danger because they have borrowed too much in foreign currencies from Western European banks.
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PM: Singapore economy may shrink more than expected - Business Times (Malaysia), 24 Feb 09
