SINGAPORE - Singapore’s government stands ready to stimulate the economy, Prime Minister Lee Hsien Loong said on Thursday, after some of the worst economic data in years prompted warnings that a recession may be looming.
“This year our economy has slowed down. Global demand and international trade have weakened,” Lee said. Data next week is expected to confirm Singapore experienced its slowest pace of expansion in a decade in the second quarter on a year-on-year basis.
Adjust their peg to the dollar.
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