National Day Message Prime Minister LEE HSIEN LOONG'S

• The Singaporeeconomy is consolidating its recovery from the 2008 global economic crisis.  GDP grew 4.9% in the first half of 2011, while unemployment remains low at 2.1%. Despite some risks on the horizon, we project steady growth of 5-6% for 2011.


• Our last five years were marked by uncertainty and rapid change. We enjoyed several very good years when our economy boomed, and wages went up. But we also experienced some very worrying moments, especially during the global economic crisis. Read More