Singapore's new PM, Lawrence Wong, faces high inflation and cost-of-living concerns, with economists urging prioritization.
Singapore's new Prime Minister, Lawrence Wong, must prioritize fighting inflation as cost of living is a major concern, according to economists. With core inflation still high, Singapore's central bank has kept monetary policy tight and the government implemented measures to help households. Amid these concerns, the ruling People's Action Party aims to strengthen ties with the US and China and boost trade.
April 17, 2024
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