Singapore 'should avoid economic contraction', says PM Lee Hsien Loong

SINGAPORE, April 30, 2023 (AFP): Singapore is expected to post slower economic growth this year but it "should avoid an outright contraction", Prime Minister Lee Hsien Loong said Sunday.

The South-East Asian city-state's economic performance is often seen as a barometer of the global environment because of its reliance on trade with the rest of the world.