Illustrative photo (Photo: The Straits Times) Singapore (VNA) – Singaporean Prime Minister Lee HsienLoong on August 20 affirmed that Singapore is keeping up economically after theCOVID-19 pandemic and is expecting positive growth.
Speaking during the National Day Rally, PM Lee Hsien Loongsaid that having come through the COVID-19 pandemic, Singapore is being testedagain with an international environment fraught with tension and economicuncertainty as well as global warming.
From China and Japan to Europe and the US, no region isspared from floods and droughts, heatwaves, and wildfires, he said, adding thatfood production and prices worldwide will be affected.
Singapore has not fully felt it yet, but it iscoming, the PM said, saying that inflation in the country is coming down, but it will probablystay higher than what the country was used to.
Besides, geopolitical tension and global warming also posechallenges. The Ukraine-Russia conflict, fraying global economic order, weakeningglobalisation, and split supply chains hurt all countries, but especiallysmall, open trading nations like Singapore, said Lee.
He said the Singaporean Government will continue to supportpeople in coping with the rising cost of living, and expressed his hope that the SingaporeanGovernment and people will weather the storm together./.
