Recovery in global economic activity could be positive for Singapore stocks

AT THE beginning of the year, widespread expectation that elections would soon be called had many people expecting the Singapore government to roll out a generous Budget.

Then came Covid-19 and the most frightening collapse in economic activity that any of us had ever seen.

In response, the government pulled out all the stops. The aptly-named Unity budget, along with the three supplementary budgets that followed it - dubbed Resilience, Solidarity and Fortitude - set aside nearly S$93 billion to support the country through this unprecedented crisis.