We are into a period of good economic growth and social development. Singapore made 6.6 per cent growth in the last quarter of 2006 and 6.1 per cent in the first quarter of 2007. If there are no wars or oil crises, this golden period can stretch out over many years.
MM Lee Kuan Yew, 8 July 2007
We cannot restore people (people’s living standards) to what they were enjoying before the worldwide crash. But we will make sure nobody falls below the poverty line.