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

    Building a positive workplace: Part 2 of 2

Building a positive workplace: Part 2 of 2

Consulting employees on work issues boosts motivation and commitment

    Employers: Why should we pay?

Employers: Why should we pay?

SINGAPORE - It is a scenario that many employers of maids would be familiar with.

    How to manage risks and grow family wealth

How to manage risks and grow family wealth

There is an information gap on issues surrounding family wealth and how it can be preserved, says wealth adviser and author

    Space for two in couple's design firm

Space for two in couple's design firm

It's often said that working in the same office as your spouse is a bad idea but some people can run a successful business, have fun in the process and avoid the divorce courts.

    Be a visionary

Be a visionary

Guide your sales team to success by becoming a good coach

    She delivers financial 'vitamins'

She delivers financial 'vitamins'

Financial consultant Kee Siew Poh simplifies financial jargon for her clients through heart-warming stories and pictures