ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Opinion

Singapore's family feud complicates fight against bad economic news

Lee Hsien Loong should have enacted reforms when GDP growth was still buoyant

| Singapore

Terrible news on Singapore's economy could not come at a worse moment for Prime Minister Lee Hsien Loong.

Word that growth in his trade-reliant city-state fell 3.3% in the second quarter from the previous one rippled through world markets. Singapore's open, sizable market often portends sudden shifts in global trade flows. For all of 2019, Lee's statisticians now expect gross domestic product to come in between zero and 1%, compared with 1.5%-2.5% before.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more