Russia-Singapore ties have broadened and deepened: Tharman
Emerging market economies will remain the key driver of world economic growth over the next five to 10 years and even beyond, despite the recent volatility and challenges, said Deputy Prime Minister Tharman Shanmugaratnam on Tuesday at the Russia-Singapore Business Forum.
He also noted that Russia-Singapore ties have broadened and deepened in scope, extending beyond economics into education and even the arts.
Delivering the keynote address at Suntec City Convention Hall, Mr Tharman said: "Despite recent volatility and challenges, the emerging market economies will remain the main contributor to global economic growth over the next 5-10 years, and likely beyond."
He added: "There are also significant opportunities arising from the rise of the middle class in the emerging world."