Singapore’s economic rebound unlikely to be ‘vibrant,’ says PM Lee

Singapore. Photo by Andrew Kow on Unsplash

Singapore’s economy is unlikely to pick up in a “very vibrant sort of way very soon” as key export markets in Europe and the U.S. face renewed coronavirus outbreaks, Prime Minister Lee Hsien Loong said.

While many sectors have shown improvement since lockdown measures were relaxed, some such as aviation, transport and tourism are likely to remain in “suspended animation” for some time because of second waves in other parts of the world, Lee said in a speech to members of his ruling party on Sunday. For Singapore, the government needs to balance an easing of restrictions as it runs the risk of cases shooting up again, he said.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter