SINGAPORE: Singapore is feeling the full effects of the economic shocks and border closures caused by the COVID-19 pandemic around the world and within the country, the more stringent measures being put in place will have a bigger impact on the economy, said Deputy Prime Minister Heng Swee Keat on Tuesday (Apr 7).
The local economy is now being “hit on so many fronts that it is not possible to just restore the status quo”, he said during his round-up speech in Parliament.