SINGAPORE: Singapore is willing to accept slower growth as a trade-off for social stability as it aims to keep down the number of foreigners working in the city-state, Finance Minister Tharman Shanmugaratnam told Reuters.
Over the past decade, Singapore's economy has expanded by a 6.4% annual average. But Tharman said that he would be happy if Singapore grew 3% a year, as long as growth was driven mainly by gains in productivity.
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