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Mr Lim Hng Kiang at the Global Trader Summit 2009

26 May 2009

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SPEECH BY MR LIM HNG KIANG, MINISTER FOR TRADE AND INDUSTRY, AT THE GLOBAL TRADER SUMMIT 2009, TUESDAY, 26 MAY 2009, 9.15 AM RAFFLES CITY CONVENTION CENTRE

Global economy remains fragile


The global economy is facing one of the biggest challenges in history. The IMF estimates global GDP to have fallen by an unprecedented annual rate of 6.25 per cent in the final quarter of 2008. It expects a further drop of 1.3 per cent this year before the global economy starts to recover in 2010. 

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