Singapore economy grew by 3.5% in 2017, says PM Lee Hsien Loong in New Year message

SINGAPORE - Singapore's economy grew by 3.5 per cent in 2017 - more than double the initial forecast - and incomes rose across the board, especially for low- and middle-income earners, said Prime Minister Lee Hsien Loong on Sunday (Dec 31).

Singapore economy grew by 3.5% in 2017, says PM Lee Hsien Loong in New Year message

In his traditional New Year message, he noted that Singapore benefited from the global economic upswing. But more fundamentally, the better-than-expected growth was because Singapore's productivity - long a challenge for the country - has grown.

"Singaporeans are upgrading and learning new skills, while businesses are innovating and adopting new technology. That is how we will stay competitive and ready for the future."

Read: Privacy Policy , Terms & Conditions

Back to Career Resources »

Related Articles

    Everyone wins

Everyone wins

Use these five key essentials to resolve conflicts

    See it their way

See it their way

Understanding cultural differences will help managers motivate employees from diverse backgrounds

    Social focus

Social focus

While DBS Bank senior managers usually get the best views of the office, the 180 degree view of the Marina Bay area is shared by all employees.

    Should firms reach for the stars?

Should firms reach for the stars?

High-fliers can raise standards in a company but also hurt collaboration

    A new way of life

A new way of life

Social media will play a bigger role in the business strategy of organisations

    Make your weekends count

Make your weekends count

Get more out of your free time by making changes in your lifestyle and start the week on a bright note