Russia-Singapore ties are developing

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Russia-Singapore ties are developingDeputy Prime Minister of Singapore Tharman Shanmugaratnam stated on Tuesday at the Russia-Singapore Business Forum that despite the recent volatility and challenges, emerging market economies will remain the key driver of world economic growth over the next five to ten years and even beyond. He also noted that Russia-Singapore ties have broadened and deepened, extending beyond economics into education and arts. During his speech at Suntec City Convention Hall, Mr Tharman said: ‘Despite recent volatility and challenges, the emerging market economies will remain the main contributor to global economic growth over the next 5-10 years, and likely beyond.’ He added: ‘There are also significant opportunities arising from the rise of the middle class in the emerging world.’