Fellow Singaporeans, Covid-19 has impacted our lives, livelihoods and lifelines, and it has aggravated already difficult global challenges.
Trade and investments have come down. People and businesses in many countries have lost confidence in globalisation and technology. They have been disrupted, and their governments have been unable to help them adjust. Bigger countries have been fighting over the tax revenues of global companies, and that has affected international competition for investments and jobs.
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