By Elizabeth Wilmot

SINGAPOREANS should not be overly concerned about the financial crisis and recession, said Spring Singapore's chairman Mr Philip Yeo on Wednesday.

'I think Singaporeans should not be unduly worried and pessimistic. Everybody will be affected, but it's not end of the world, and it's not doomsday,' he said, speaking on the sidelines of the German-Singapore Business Forum.

'I think we will survive. We have low government debt, we have low bad credit debt, we have no sub-prime. Employment-wise, we're still okay.

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