The Ministry of Finance yesterday unveiled the members of the Economic Strategies Committee (ESC) and spelt out its mission to develop strategies to keep the economy growing - and spread the gains to Singaporeans.
I thought I heard from the various senior government representatives recently that there is no need for the Economic Review Committee (ERC) to be reconstituted as Singapore is structurally sound this time round. The problem of collapse of external demand is beyond Singapore's ability to singularly remedy.
No need for ERC but we need ESC.
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