The affluent city-state's economic performance is often seen as a barometer of the global environment because of its reliance on international trade.
"We made 1.2 percent growth in 2023, avoiding a recession," Lee said in his New Year's message.
For this year, growth is projected to come in at one to three percent "but much will depend on the external environment," he added, pointing to the continuing war in Ukraine and Israel's conflict with Hamas.
The economy has been hurt by softer global demand for its exports, with the return of air travel after the COVID pandemic boosting domestic growth.
Bu hikaye The Philippine Star dergisinin January 02, 2024 sayısından alınmıştır.
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Bu hikaye The Philippine Star dergisinin January 02, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
SoKor police summon Japanese woman for kissing BTS member
South Korean police said on Friday they are summoning a Japanese woman for questioning over allegedly kissing Jin, a member of the K-pop supergroup BTS, without consent during a free hug event last year.
Ticket prices, seat plan for BLACKPINK Jisoo's Manila tour unveiled
Eyes here, Filo Blinks! The ticketing details and seat plan for BLACKPINK member Jisoo's \"LIGHTS, LOVE, ACTION!\" Tour in Manila are finally here.
The Gallery Returns With 'Temporality: Contours of the Present'
Tomorrow, March 2, the Power Mac Center Spotlight Blackbox Theater, Ayala Malls Circuit transforms into a 360-degree performance space as Nude Floor presents the second edition of The Gallery, an immersive artistic experience inviting audiences to a multi-sensory exploration of time.
2 Russians Die in Batangas Scuba Diving Expedition
Two Russian tourists who went missing during a scuba diving activity near Verde Island in Batangas City were found dead on Thursday afternoon, according to the Philippine Coast Guard.
Pivot and profit
Entrepreneurs, especially social entrepreneurs, are often challenged by numbers.
MREIT Eyes More Acquisitions
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PCC Clears Foreign Takeover of Dito
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FROM AND ABOUT RJ
On becoming RJ: Ramon Jacinto was born to a family in the banking and steel industries but his parents never stood in the way of his music.
EDSA @ 39
THE BROADER VIEW
Is Baron Geisler's Daughter Sophia Joining Showbiz?
While the nation was very much engrossed with actor Baron Geisler's latest gaffe with the Cebu police as he was detained for a few hours in the province after an alleged violation of a local ordinance on drunkenness last Feb. 22, there we found ourselves two days later in Quezon City, Grandia Place in Mother Ignacia after we saw a post from BLVCK Entertainment Productions about a story conference for a film entitled \"Tag-Ulan,\" where Baron was part of the ensemble cast along with Beauty Gonzales and Mark Herras.
