Singapore prime minister warns of dampened growth, unemployment

Earthtimes.org, 13 Oct 2009
Singapore - Prime Minister Lee Hsien Loong on Tuesday warned Singaporeans to brace themselves for dampened growth next year and a stagnant unemployment rate although the city-state has pulled out of the deepest recession in its history. "We are now past the worst of the storm," Lee said at a union conference. "Our economy has rebounded sharply."
"When the stimulus ends, their economies may slow down again," the prime minister warned. "If that happens, our growth will be dampened too."
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