[Bigiron]

Outlook for post-Covid recovery clouded, recession could hit 'within next 2 years': PM Lee

"MTI (the Ministry of Trade and Industry) estimates our hit is about S$8 billion per year, that’s 1.5 per cent of our GDP," Mr Lee said. "That means we in Singapore have become collectively S$8 billion poorer off per year, and there is no escape from this." 

➡️ https://tdy.sg/3LKwZUw

[watchfirst9]

more like coming great depression.

[talky]

then why increase gst when the cloud is looming so near ahead of  us ???
this move is anti growth,impedes  recovery

[Niubee]

Recession is underway. The opening up is to cushion the recession !!!

[Ola]

PAP has ALL the power & authority

Not enough money?

They can set levies on Employment Pass of salaries below $12k / mth

to collect $800,000,000 per year

Since they are Fake Foreign Talents

not like Ramesh earning $66k/ mth

[Ola]

Outlook for post-Covid recovery clouded, recession could hit 'within next 2 years': PM Lee

"MTI (the Ministry of Trade and Industry) estimates our hit is about S$8 billion per year, that’s 1.5 per cent of our GDP," Mr Lee said. "That means we in Singapore have become collectively S$8 billion poorer off per year, and there is no escape from this." 

PAP Trade for oil mostly all from Ukraine

Temasek invested or not? 

Finance Minister approve

LHL did not disapprove

Hit by $8 Billion 

Whose fault? 

Who pay? 



S'pore must stay open, strengthen economy, amid challenge posed by Ukraine war: PM Lee | The Straits Times

[Galilo_l]

He handed his baton in a timely manner