Country is “cautiously optimistic,” but in a better mood than 2016, says prime minister
The government expects the economy to expand between 1% and 3% this year – but Prime Minister Lee Hsien Loong thinks there’s a “good chance” that growth this year will exceed last year’s 2%. “It is uneven still; not every sector is doing well. Some sectors, like retail, are still struggling a bit. But overall, we are improving,” said the prime minister in his May Day Rally speech this year.
He said the country’s continued prosperity “comes down to three things – jobs, jobs, jobs.” He meant that there are three ways of thinking about jobs: