'Dark clouds' loom with possible recession in developed countries, but Singapore should be able to avoid same fate: PM Lee

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SINGAPORE: Even as Singapore is likely to avoid a recession this year, there are still “many dark clouds” around the world, and Singapore will need to make the most of its advantages to weather this storm, said Prime Minister Lee Hsien Loong on Saturday (Jan 21). “If you look around the world,

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SINGAPORE: Even as Singapore is likely to avoid a recession this year, there are still “many dark clouds” around the world, and Singapore will need to make the most of its advantages to weather this storm, said Prime Minister Lee Hsien Loong on Saturday .

He also noted that it is the first Chinese New Year since the start of the pandemic where things are “back to normal”. “We should be able to avoid this recession, but we will still have to look at China and how they resume activities.”On Jan 8, China reopened its borders to international travellers for the first time since the start of the COVID-19 pandemic.At the interchange, Mr Lee spoke to transport workers, including bus captains and administrative staff to thank them for their service during the Chinese New Year period.

Asked about what feedback he had received from the transport workers, Mr Lee said that salary was an issue raised.

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Probably a good start is not to insult those 'resource countries'. Low pay + high inflation = quick death.

But but there are already people struggling to buy infant milk powder

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