However, Lee thought the 2010 lucrative growth was the results of "special circumstances" and were "unlikely to be recurring soon". Clothed in his New Year message televised carry on night, he thought the outlook in place of the humankind scaling-down remained sundry with pressure from decelerate growth in the US and the Europe.
Singapore had pegged 14 apiece cent twelve-monthly growth from 1968 to 1970, whilst the island was undergoing massive infrastructure and lucrative transformation.
Sounding sure on Asia, Lee thought the region was maintaining a strong lucrative growth momentum.
"China and India are forging ahead of time, and countries in Southeast Asia are growing steadily. Hopefully, Asia will pick up again to resolve well despite the weakness in residential countries and create a favourable regional natural world in place of Singapore," he thought.
Lee highlighted Singapore’s challenges - running inflow of immigrants and foreign workers, the need to keep mother country ownership reasonable and plateful low-income Singaporeans muddle through with the increasing cost of living.
Singapore faces the challenges of running its shared housing scheme, the Housing and Development Board (HDB) built apartments, which are traded as exclusive properties in the marketplace similar to to begin with being sold on a subsidiSed tax to Singaporeans.
But the resale property marketplace has heated up with another immigrants suitable undeviating residents and owners of the apartments resultant in prohibitive prices.
Besides, Lee pointed barred with the aim of globalisation has led to widening of takings gap in Singapore, a phenomenon besides seen in countries like the US, porcelain and India.