singapore is at centre of world’s highest growth region

Minister Mentor Lee Kuan Yew says that Singapore is at the centre of world’s highest growth region, and is in a period of steady growth.

MM Lee believes that Asia will not go into recession, citing not only strong growth in China and India, but also the strength of commodity prices boosting growth in Malaysia, Brunei and Indonesia.

“This is quite remarkable, for it will be the first time that when the American economy slows down and reduce imports from Asia, Asia will not go into recession. The reason is the dynamics of the domestic growth momentum in China and in India – two very huge countries. Furthermore, our neighbours are doing well. Singapore is in the centre of the world’s highest growth region,” he said.

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