Singapore's recovery could be delayed by phased reopening, say economists


  • AseanPlus News
  • Thursday, 21 May 2020

SINGAPORE (The Straits Times/ANN): The phased reopening of Singapore's economy may reduce the risk of another wave of infection, but will likely extend the recession into the third quarter and possibly delay recovery, say some economists.

Following an eight-week circuit breaker period, part of the economy will be reactivated on June 2, with measures to be lifted in three phases.

In phase one, about one-third of Singapore's workforce will be able to resume work at their workplaces, while the rest will continue to work from home. This will allow 75 per cent of Singapore's economy to resume normal operations. - The Straits Times/Asia News Network

Article type: free
User access status:

Singapore , economy , covid-19

   

Across The Star Online