Still want to make us PAY And Pay?

The world faces a sharper trade-off between growth and inflation given how it is “almost a certainty” that inflation will be higher for longer, said Finance Minister Lawrence Wong on Monday (Apr 18).

… “the risks for both growth and inflation are weighed significantly on the downside,”

https://www.channelnewsasia.com/singapore/sharper-trade-growth-inflation-lawrence-wong-united-states-visit-2632126

And

Finance ministers and central bankers from the G20 group of big economies will meet on Wednesday in Washington amid a deteriorating outlook for global growth. America is bracing for sharp rises in interest rates as the Federal Reserve fights inflation—a task that risks pushing the economy into recession. Europe is struggling with high energy prices, which will rise further if the European Union restricts imports of oil from Russia. China is persisting with its “zero covid” strategy by enforcing costly lockdowns in an attempt to suppress an outbreak of the Omicron variant.

Economist’s Daily Briefing

And the International Monetary Fund cut its forecast for the global economy, blaming the war in Ukraine for pushing up inflation. Global growth is projected to slow from 6.1% in 2021 to 3.6% in 2022 and 2023. That is 0.8 percentage points lower for 2022 and 0.2 lower for 2023 than its previous forecast, in January.

And he and his fellow millionaire ministers, die die want to raise GST to protect the reserves and their children’s children? OK OK our children’s children also? As he said:

“We are not out of the frying pan, but already into another fire.”

Lawrence Wong