Singapore’s new Prime Minister Lawrence Wong is expected to stay on the same track and expand the existing policies he inherited, in the face of heightened risks the city-state the is facing at home and globally, according to Bloomberg Economics. Wong, formerly the deputy prime minister and minister for finance, on Wednesday evening sworn in as the fourth prime minister of Singapore in a historic ceremony that marked the city-state’s first leadership change in 20 years, as Lee Hsien Loong stepped down from office. “Lawrence Wong will inherit a plate full of challenges — but also well-oiled government machinery to tackle them. He is likely to continue, and expand upon, existing policy initiatives rather than chart a new course,” Bloomberg Economics senior economist Tamara Mast Henderson said in a note. https://sbr.com.sg/economy/in-focus/dp-lawrence-wong-seen-staying-same-growth-policy-path-expert (ICE SINGAPORE)

Fonte notizia: Singapore Business Review, 17 May 2024