Singapore: A Turning Point Looms for the Economy

Economist, Centennial Asia Advisors

Jason Tan

Economist

Centennial Asia Advisors

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Economic Policy and Strategic Advisors

Macroeconomics

<p>Aside from the cyclical challenges, the other longer-term focus of policy will be dealing with Singapore’s structural challenges. When the Committee on the Future Economy, led by Finance Minister Heng Swee Keat, starts its deliberations, these themes are likely to be what they will focus on:</p><ul><li>First, high business costs are a major issue. Two issues need to be addressed here. On one hand, policy makers need to understand fully why Singapore’s costs escalated so much in recent years so that we know…</li></ul>

Aside from the cyclical challenges, the other longer-term focus of policy will be dealing with Singapore’s structural challenges. When the Committee on the Future Economy, led by Finance Minister Heng Swee Keat, starts its deliberations, these themes are likely to be what they will focus on:First, high business costs are a major issue. Two issues need to be addressed here. On one hand, policy makers need to understand fully why Singapore’s costs escalated so much in recent years so that we know…

Singapore: Structural Challenges Lie Ahead