IMMIGRATION AND THE ECONOMY
At the macro level, a declining population means less vitality in Singapore and its economy, said Mr Gan.
Economic growth and income growth will slow while spending on healthcare and social issues must increase to support the growing population of seniors, he added.
“This tremendous strain will be felt at the national level, but also at the individual households.”
With fewer citizens, it will also become increasingly difficult to meet Singapore’s national security and defence needs, said Mr Gan.
“This raises the deeper question of what Singapore will be 50 or 100 years from now – will we remain vibrant, liveable and relevant? Will we exist?”





