'Inflation is still high, but there is some hope it will moderate in the second half. Meanwhile, unemployment rates have stayed low, and retrenchment numbers remain manageable. Overall, we can be cautiously optimistic about our immediate economic prospe...
"Inflation is still high, but there is some hope it will moderate in the second half. Meanwhile, unemployment rates have stayed low, and retrenchment numbers remain manageable. Overall, we can be cautiously optimistic about our immediate economic prospects,” he added.
The Prime Minister expressed the hope of inflation letting up in the latter part of the year and for retrenchment numbers to stay “manageable.” Meanwhile, unemployment rates have stayed low, and retrenchment numbers remain manageable. Overall, we can be cautiously optimistic about our immediate economic prospects,PM Lee added in his May Day speech a warning concerning the serious geopolitical tensions that keep the external environment volatile, with the risk of recession in the West as interest rates go up to tamp down inflation.
This means continually transforming our industries, enhancing existing capabilities and building new ones as we move into growth markets. This will cause disruptions to some existing jobs, but at the same time it will create new jobs with better prospects for the future.”
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