Singapore does not expect a recession or stagflation in 2023, but significant headwinds remain: MTI - CNA

SINGAPORE: Singapore does not expect its economy to slip into a recession or stagflation next year, said Minister of State for Trade and Industry Alvin Tan in Parliament on Monday (Jul 4), although he warned that globally, “significant” headwinds remain. So f…

Singapore, being a small and open economy, cannot be insulated from increasingly challenging developments in the external environment, he added. In particular, the country has experienced a signific… [+2059 chars]

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