Singapore’s population could hit seven million in about 20 years - up from five million now - if current growth trends continue, a research house says.
DBS Vickers said yesterday that the population is growing faster than it had earlier anticipated.
It said current trends suggest a jump of 32 per cent by 2030, from the current 5.3 million.
DBS Vickers, which specialises in equity research, made these forecasts in a report that gave stock picks on the listing companies likely to benefit most from a much larger population size.
Singapore’s population grew by 2.4 per cent a year between 2009 and 2012, faster than the 1.5 per cent growth DBS Vickers had projected back in 2009.
The strong rate of growth was all the more surprising given that the Republic went through a recession in 2009, it said.
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