Robotisation could increase Singapore's GDP by 20% over the next 10 years, but job displacement is inevitable: Oxford Economics

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SINGAPORE (Feb 3): According to a recent study by Oxford Economics, robot adoption could spur a 20% growth in Singapore’s gross domestic product (GDP) by 2030, equivalent to some S$0.1 trillion at today’s prices. 

While an improvement in what is largely considered the most important measure to evaluate the city-state’s economic performance might be highly sought after, economist Sung Eun Jung is quick to highlight how the rise of robots carries with it the risk of job displacement. 

In a report on Feb 3, Sung notes that...(click on link for full story on