Economics

Singapore Growth Could Top 3% in 2017, Prime Minister Lee Says

PM says future tax rises not a matter of ‘whether, but when’
Relations with both big powers China, U.S. are in good order

Lee Hsien Loong
Photographer: Andrew Harrer/Bloomberg

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By Ann Koh

November 19, 2017 at 6:28 AM UTC

Updated on

November 19, 2017 at 8:30 AM UTC

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Singaporean Prime Minister Lee Hsien Loong says his country is expected to exceed expectations this year by recording economic growth above 3 percent.

Addressing his People’s Action Party’s 2017 convention on Sunday, Lee said Singapore was benefiting from an improved world economy, but would have to press on with plans to restructure and upgrade the economy to sustain growth.