Faced with slowing economic growth and a quickly aging population, Singapore has aimed to pivot towards developing an innovation ecosystem and boosting productivity.
But part of that drive has included changing the measuring sticks for success.
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Faced with slowing economic growth and a quickly aging population, Singapore has aimed to pivot towards developing an innovation ecosystem and boosting productivity.
But part of that drive has included changing the measuring sticks for success.
They say the increase was surprising, but insufficient.
The worsening outlook of the economy has given analysts reason to be surprised when the results came and revealed that the city-state has narrowly dodged a technical recession.
However, analysts believe the growth wasn’t enough to make a significant splash.