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12-08-2015, 10:56 PM
Here is a link to a speech ( imagined for SG100 ) by Mr Ravi Menom posted on MAS website :
http://www.mas.gov.sg/News-and-Publicati...apore.aspx
It declares the average income has risen from US$500 at 1965 to US$56,000 at 2015. This I can accept.
But to forecast average income rising only to US$120,000 in SG100 means doubling in 50 years is a pessimistic forecast of little or no growth in the economy .
http://www.mas.gov.sg/News-and-Publicati...apore.aspx
It declares the average income has risen from US$500 at 1965 to US$56,000 at 2015. This I can accept.
But to forecast average income rising only to US$120,000 in SG100 means doubling in 50 years is a pessimistic forecast of little or no growth in the economy .