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Singapore Growth Slows as Lee Predicts ‘Difficult’ Outlook

January 11, 2012, 8:24 AM EST By Shamim Adam (Updates with comment from economist in seventh paragraph.) Dec. 31 (Bloomberg) — Singapore’s expansion slowed in 2011 and growth next year will be constrained by a “difficult” global environment and government efforts to reduce the inflow of foreign workers, Prime Minister Lee Hsien Loong …

Singapore Predicts ‘Difficult’ 2012 on Europe, Foreigner Curbs

December 31, 2011, 11:24 AM EST By Shamim Adam Jan. 1 (Bloomberg) — Singapore’s growth will weaken further this year after slowing in 2011, constrained by a “difficult” global environment and government efforts to cut foreign-worker inflow, Prime Minister Lee Hsien Loong said. Gross domestic product rose 4.8 percent last year, Lee, 59, …

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