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Staying still 'not an option' for Singapore, since it is 'not returning to a pre-Covid-19 world': Chan Chun Sing

Amala Balakrishner
Amala Balakrishner8/11/2020 11:43 AM GMT+08  • 4 min read
Staying still 'not an option' for Singapore, since it is 'not returning to a pre-Covid-19 world': Chan Chun Sing
Singapore cannot afford to wait out for the coronavirus to abate, as the permanent changes is brings will hinder it from reverting to a pre-Covid-19 economy, Minister for Trade and Industry (MTI) Chan Chun Sing said on August 11.
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Singapore cannot afford to wait out for the coronavirus to abate, as the permanent changes it brings will hinder it from reverting to a pre-Covid-19 economy, Minister for Trade and Industry (MTI) Chan Chun Sing said on August 11.

This is a “painful truth”, he added while acknowledging the hope many harbour over an economic recovery and a return to the “familiarity of the old normal”.

His comments came as the republic recorded a 13.2% year-on-year plunge in its GDP for 2Q2020 ended June.

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