Why Singapore’s growth is so good this year
And next yr’s should be better. Nothing to do with the PAP administration. All down to the recovery in global trade. Since 2010 global trade has, by and large, shown only lacklustre growth. Once expected to grow regularly at 1.5-2 times global gross domestic product, trade has been growing at, or even below, the rate of broader...
When the finance minister offers hogwash to perpetually increase reserves, you know something is amiss
Minister Heng I refer to “Reserves help Singapore weather crises and keep economy stable: Heng Swee Keat”. Although the PAP has all along given Singaporeans the impression that reserves have been saved and would be spent to benefit citizens when the time came, Heng has confirmed this is never gonna happen. According to Heng,...
More on Singapore’s Fake GDP Growth
As anyone who has studied Singapore for any length of time, as I have, much of what passes for statistics in Singapore is fake or manipulated to present a picture that flatters our rulers and allows them to be held up as poster boys for authoritarianism and the benefits of dynastic rule. While the overwhelming majority of authoritarian...
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