PUBLISHED : 31 Dec 2023 at 18: 55 FILE PHOTO: Singapore’s Prime Minister Lee Hsien Loong goesto a session of the Asean-Japan Commemorative Summit Meeting at the Hotel Okura Tokyo in Tokyo, Japan, Dec 17,2023 (Reuters) Singapore’s economy prevented a economicdownturn in 2023 as Prime Minister Lee Hsien Loong alerted of a “troubled” global environment that will weigh on development and security. Gross domestic item broadened 1.2%, Lee stated in his New Year’s message, compared with the trade ministry’s projection in November for an growth of around 1%. For 2024, he restated an authorities forecast for development of 1% to 3%. Lee called 2023 a “challenging year” where stress inbetween the UnitedStates and China stay and the war in Ukraine is at a “strategic stalemate with no resolution in sight.” He pointed to worldwide “revulsion and anger” over the human suffering in the Israel-Hamas dispute. “For some years to come, we needto anticipate the external environment to be less beneficial to our security and success,” Lee stated. “Geopolitical unpredictabilities will continue
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