Singapore will cope better even in event of a second 'circuit breaker'

Singapore

THE risk of even-tighter Covid-19 restrictions, akin to a second "circuit breaker", has risen in recent days, said economists. But it remains a very small "tail risk" that economists have yet to factor into their gross domestic product (GDP) projections.

Furthermore, Singapore is now better equipped to cope in such circumstances, so the impact of a second "circuit breaker" is unlikely to be as great as the original, they added.

"We can cope much better now since we have all adapted," said CIMB Private Banking economist Song Seng Wun. While the risk of a second "circuit breaker" has risen in recent days, he still sees only a "low single-digit risk" of that happening, at this point.

On Tuesday, Covid-19 multi-ministry taskforce co-chair Lawrence Wong warned that Singapore is "now on the knife's edge", with community case numbers possibly going either way in the next few we…

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