SINGAPORE (May 29): This is not an easy time to be a policy maker anywhere. This is especially so in Singapore, which is much more exposed to the cruel twists and turns of the world economy than larger countries. Decisions with outsized impacts on the welfare of citizens as well as the survival of companies have to be made in the context of extreme uncertainty. As the Covid-19 pandemic reaches a new phase marked by continued uncertainty and where many countries are beginning to relax restrictions on economic activity, Singapore has to advance policy in two broad areas. One is a short-term approach that limits public health risks while allowing the economy to revive and the second is a longer term strategy of keeping Singapore going strong in the post-pandemic world that is already taking shape.

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