This is the crisis of our generation. Recovery, when it comes, will likely be a turbulent one. Just look at the recurring waves of infection and disruption we are seeing globally.
During the Asian Financial Crisis and Global Financial Crisis, Singapore persevered, and we saw light at the end of the tunnel after many painful months. Unfortunately, the reality is that it doesn’t look like there will be a swift recovery this time around. A strong collective effort will need to be established.
In the days ahead, businesses will be opened in a safe and sustainable manner. Cautiously.
When our tiny red dot became an independent country in 1965, we had few friends and negligible natural resources. How did we become one of the world’s greatest financial centres?
The days ahead will be tough, our economic forecast will be dampened, but have faith that we are in a far more advantageous position than our forefathers and many other countries.
We can fight this, Singapore, but we need to be more united and resilient than ever.
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