Tis time.Grow Grow Grow ....
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MM Lee says Singapore's economy may grow 3% next year
By S Ramesh, Channel NewsAsia | Posted: 08 November 2009 2143 hrsPhotos 1 of 1 
The national flag of Singapore is flown past the skyline of the financial districtSINGAPORE: Singapore's economy may grow three per cent next year, according to Minister Mentor Lee Kuan Yew, who added that this year's fourth quarter looks healthy after the economy bounced back in the second and third quarters.
Mr Lee was speaking to residents at a tree planting ceremony at Tanjong Pagar GRC.
He said Singapore had expected an extremely bad year for 2009.
The first quarter was the country's worst period with a sudden drop in exports, and no one could tell when the crisis would bottom out.
Mr Lee said at that time, Singapore had expected growth to shrink by up to nine per cent.
For the longer term, Mr Lee stressed that the nation must be prepared for slower growth.
However, slower growth in Singapore and other countries in Asia would still be higher than other regions of the world.
Mr Lee also spoke of some of the immediate challenges facing Singapore to remain as one of the most liveable cities in the world.
He said that the key to achieving this is to have a good living environment, continued economic growth and a good transport system.
To deliver all this, Mr Lee said that the key is a strong government in Singapore.
Minister Mentor Lee told his audience that by the next general election due by February 2012, Singapore will see a nucleus of a new generation of leaders who are as able, determined and committed as the present team of leaders.
That way, the country will remain healthy, strong and at peace.
- CNA/yb -
Bounced back that's why unemployment amongst the residents (PRs and citizens) is 5%?
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Some people just don't know when to shut up.
