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Reopening's boost to demand, sentiment could help avert stagflation fear for Singapore

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Published Wed, Apr 27, 2022 · 04:27 PM
    • Further border reopening and loosened domestic curbs should both bode well for Singapore's continued economic recovery, notwithstanding the very real threat of too-high inflation.
    • Further border reopening and loosened domestic curbs should both bode well for Singapore's continued economic recovery, notwithstanding the very real threat of too-high inflation. BT PHOTO: DESMOND WEE

    NO GROUP size limits, no safe distancing, no once-ubiquitous SafeEntry check-ins. On Apr 26, life in Singapore returned to the closest thing to pre-Covid normalcy since the pandemic began two years ago.

    Meanwhile, the last remaining hurdle for fully vaccinated travellers here – the need for a pre-departure test before entering Singapore – has also been scrapped.

    All this should bode well for the republic’s continued economic recovery, as it broadens beyond the erstwhile driver of manufacturing into services-led growth.

    Covid-19Singapore inflationSingapore economy

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