Outlook for Asia bright despite worst recession in a century: Singapore DPM

Deputy Prime Minister Heng Swee Keat says Singapore has to strengthen its connectivity with the region and the world. - ST/ANN

SINGAPORE (The Straits Times/ANN): The global economy may be going through its worst recession in a century, but Asia is well positioned to contribute to global growth, said Deputy Prime Minister Heng Swee Keat on Tuesday (Sept 15).

Noting that China is the second-largest economy in the world, and that the 10 Asean economies grew around 5 per cent last year, Heng said the outlook for Asia remains bright.