Slowing growth can be 'good'

Slowing growth can be 'good'

SINGAPORE - The slowing population growth can be a good thing, experts told The New Paper.

It means businesses have to focus on improving productivity rather than being overly reliant on cheap labour.

National University of Singapore sociologist Tan Ern Ser said: "One downside is that some businesses would encounter hiring problems.

"But there's a benefit, (with) fewer people on the island to compete for space, amenities and sometimes jobs."

And they are cheered by the good news when it comes to baby-making.

The total fertility rate was 1.29 last year, up from the 1.2 registered in 2011.

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