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A buffer from the virus and a long-term booster for the economy

Uma Devi
Uma Devi • 10 min read
A buffer from the virus and a long-term booster for the economy
To cushion the Singapore economy from the impact of the coronavirus outbreak and tackle longer-term structural challenges that could present greater downside risks to the republic, Budget 2020 will rack up the widest planned fiscal deficit since the Globa
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To cushion the Singapore economy from the impact of the coronavirus outbreak and tackle longer-term structural challenges that could present greater downside risks to the republic, Budget 2020 will rack up the widest planned fiscal deficit since the Global Financial Crisis of 2008

SINGAPORE (Feb 21): "The virus won’t kill us but our own behaviour will kill us. This is exactly what’s happening and I’m trying to stop this,” said Minister for Trade and Industry Chan Chun Sing in a recent closed door dialogue with the Singapore Chinese Chamber of Commerce and Industry.

He was heard in a recording admonishing fellow citizens who rushed to the neighborhood supermarket to hoard rice, instant noodles and toilet paper, leaving behind empty shelves.

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