Singapore must prepare for economic and geopolitical risks: Lawrence Wong

Escalating conflict from the Russia-Ukraine war and the slowing global economy are some downside risks that Singapore must be prepared for, Deputy Prime Minister Lawrence Wong told CNBC in an exclusive interview Wednesday.

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Escalating conflict from the Russia-Ukraine war and the slowing global economy are some downside risks that Singapore must be prepared for, Deputy Prime Minister Lawrence Wong told CNBC in an exclusive interview Wednesday.

“We are a small country, we have to take the world as it is, and not what we would like it to be,” said Wong who is also finance minister. “I think the game plan is really just to get back to basics, be very clear what our interests are, and advance those interests in a credible and principled manner consistently.”

“There are a few [risks],” Wong told CNBC’s Martin Soong. “The strength of the global economy, particularly the…

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