Singapore PM Lee Hsien Loong says economic outlook brighter amid global recovery

The Singapore and world economies face better-than-anticipated prospects of revival this year, Prime Minister Lee Hsien Loong said in a May Day speech given a day early on Friday.“Compared to a year ago, our outlook has brightened considerably,” according to Lee, who put the optimism down to a global recession “turning out to be less protracted than we initially feared.” As small, wealthy city state, Singapore’s economy depends heavily on foreign investment and trade and is highly vulnerable to…

Read the original article at South China Morning Post