S'pore economy expected to grow yearly at around 5% over next 5 years: PM
By Margaret Perry, Channel NewsAsia | Posted: 17 April 2007 1711 hrs

	Photos  of
	Related News • Singapore's key exports recover in March led by pharmaceuticals • Daily tourist arrivals to surge when IRs operational in 2010 • Casino competition hots up, can S'pore IRs take the heat? • China, India to drive strong growth in emerging Asia: IMF • Why the GDP link?

SINGAPORE: Prime Minister Lee Hsien Loong has said Singapore's economy is expected to grow annually at around 5 per cent or maybe more over the next five years.

Speaking to The Wall Street Journal, he said the growth forecast for this year is 4.5% to 6.5%.

Mr Lee also saw the next three to four years as good growth years.

On balance, he said, unless there is a disaster, Singapore will be doing OK.

Mr Lee added that, like other nations, Singapore's economy could be affected by adverse global economic conditions such as a possible recession in the United States, worldwide currency instability, a major terrorist attack in the region or a falling out between the US and China. - CNA/ir