NOT REACHED BY 3.30 PM ECONOMIC DOWNTURN (Prescience)

Parliament of Singapore · 7 March 1986 · 6th Parliament

Official Report, 7 March 1986, Vol 47, Issue 7 · Open in the reader (summaries, search, filters)

Chiam See TongLee Hsien Loong
13

Mr Chiam See Tong asked the Acting Minister for Trade and Industry whether the Government foresaw in 1984 the impending downturn in our economy.

BG Lee Hsien Loong: At the end of 1984, the Ministry of Trade and Industry projected that growth would be reduced from 8% in 1984 to about 5% in 1985.

As it has turned out, the downturn has been sharper than we had anticipated.

Source: Singapore Parliament Official Report (Hansard) for 7 March 1986. Republished on SGParliament.