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Focus on increasing productivity, not manpower: DPM Tharman

Michelle Zhu Published on Thu, Sep 29, 2016 / 1:02 PM GMT+8

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SINGAPORE (Sept 29): Singapore is no stranger to disappointing gross domestic product (GDP) growth and alarming unemployment figures of late.

Deputy Prime Minister (DPM) Tharman Shanmugaratnam is not painting a rosy picture for the city state’s economy in the near-term, either.

At a Wednesday event held by land transport engineering firm Wong Fong Industries’ headquarters in Joo Koon, Tharman told local media reporters that he foresees even weaker growth for Singapore within the 1-2% range.

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