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."
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https://tdy.sg/3LKwZUw
more like coming great depression.
then why increase gst when the cloud is looming so near ahead of us ???
this move is anti growth,impedes recovery
Recession is underway. The opening up is to cushion the recession !!!
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
(01-05-2022, 10:38 AM)Bigiron Wrote: [ -> ]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
He handed his baton in a timely manner
