Watch DPM Tharman's keynote speech at The Straits Times Global Outlook Forum

SINGAPORE - Deputy Prime Minister Tharman Shanmugaratnam gave a keynote address on Friday (Nov 20) at The Straits Times Global Outlook Forum.

Here is his full speech in five parts.

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DPM Tharman Shanmugaratnam addresses the cyclical and structural challenges that countries around the world are facing in a post-global financial crisis era. He also stresses that the world should be more focused on solving structural problems such as those that are affecting the middle class, skills formation, and a looming crisis in pension plans and healthcare financing.
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DPM Tharman Shanmugaratnam speaks about China and its slowing economic growth as it transforms from an investment-lead economy to one that is driven by consumption.
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The economy is now going through a correction from the burst of growth enjoyed over the past five to 10 years in emerging markets. Commodity producers have been particularly hit by the slowdown in China and the economy is now is a prolonged period of muted commodity price growth.
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The world is on a path of monetary easing and volatility in currency and other financial asset classes, will be inevitable.
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DPM Tharman Shanmugaratnam says that there is no lack of opportunities for Singapore. He calls for the need to up productivity, saying that it is the only way to move forward.

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