Singapore’s GDP growth races to near 4-year high in Q3: Time to cheer?

Underneath the increasingly cheerful economic indicators, the Ministry of Trade and Industry (MTI) said that unevenness in growth remains.

Read more at http://www.channelnewsasia.com/news/business/singapore-s-gdp-growth-races-to-near-4-year-high-in-q3-time-to-9432300

By Tang See Kit @SeeKitCNA

23 Nov 2017 02:33PM (Updated: 23 Nov 2017 03:33PM)

Ricky Lim · 

Singapore

When Singapore experience a good GDP growth - it will benefit everyone in Singapore.
Singapore will have more financial buffer to redistribute the wealth to everyone in Singapore - whether it is through social benefits, higher interest, dividend payout etc.

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Ricky Lim · 

Singapore

Also include greater tax rebate, infrastructure investment that benefits everyone etc.

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Ricky Lim · 

Singapore

Eg. there will be more gst credit, U-save for utilities, more subsidies in healthcare, more bursaries, scholarship for students, higher interest for CPF depositors, etc.

Everyone will benefit when GDP grow and do well.

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Ricky Lim · 

Singapore

This is Capitalism to reward the enterprising ones.
And then using Socialism to redistribute wealth to everyone - so that everyone in the Economy can share the fruits and wealth generated in the Economy.

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Ricky Lim · 

Singapore

This has been institutionalise as long as the Countries reap Economic Growth - and this will bring greater social cohesion within the Society.

Thus we should rejoice as long as our GDP grow - not raise doubt.

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