Commentary

Singapore's recovery may hit some speed bumps along the way

Taking economy back to where it was before Covid-19 may need more time and patience than earlier perceived

The uncertainty on the course of the pandemic alone can keep a sizeable part of the economy at least partially shut. Construction will continue to suffer because of project delays and an overall drop in demand. ST PHOTO: GIN TAY
The uncertainty on the course of the pandemic alone can keep a sizeable part of the economy at least partially shut. Construction will continue to suffer because of project delays and an overall drop in demand. ST PHOTO: GIN TAY

With the recovery from the depths of its worst recession still in its early days, Singapore's economy is right now like a glass half-full.

For the pessimist it represents a job half done. The optimist will point to the upper half that flags opportunities yet to be grabbed.

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A version of this article appeared in the print edition of The Straits Times on October 16, 2020, with the headline 'S'pore's recovery may hit some speed bumps along the way'. Print Edition | Subscribe