There is no V-shaped; now the optimistic scenario is a U-shaped recovery, a deep U, a fat U, and if we are lucky, gradually recovering from the later part of this year or early next year. 

But if we are not lucky, it could be an L-shaped problem – economy is still shrinking, after a while it doesn’t shrink so fast, it stops shrinking, but it stays at the bottom a long time before slowly picking up again, no growth or poor growth for several years to come.

PM Lee Hsien Loong

Subscribe
Notify of
1 Comment
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
You May Also Like

Second riot in 4 months, 35 arrested

Initially reported as a brawl between some South Asian men, the bust-up…

Gay person applauds MOH & HPB for defending "the foundation of family" in S'pore

The following is an email sent to the Health Minister, Gan Kim…

The art of passing the buck

After three months, MPs still refuse to reveal details of investments.

Mother Machine

A seemingly simple story in the Straits Times has more than one message.