CHALLENGES: Boosting the Singaporean core

Roadblocks loom in raising worker productivity

Outward-facing sectors like manufacturing generally outperform domestic sectors in productivity, says OCBC Bank’s Ms Selena Ling.
Outward-facing sectors like manufacturing generally outperform domestic sectors in productivity, says OCBC Bank’s Ms Selena Ling.ST PHOTO: KUA CHEE SIONG

Labour productivity continues to be one of the Singapore economy's main challenges, despite consistent growth in this area over the past 10 years.

A decade ago, the Economic Strategies Committee set a productivity growth target of 2 to 3 per cent a year for the economy.

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