Prime Minister Lee Hsien Loong announced on Sunday (May 1) that Singapore could experience a recession within the next two years, particularly due to the ongoing war in Ukraine. “At the start of the year, we were cautiously optimistic about our post-Covid recovery. But the outlook has clouded,” said Mr Lee to unionists at Downtown … Continue reading PM Lee: S’pore S$8 billion poorer each year, recession could hit in the next 2 years