Extraordinary economic circumstances call for extraordinary Budgets. And that is what we got from Deputy Prime Minister and Finance Minister Heng Swee Keat yesterday.
Even before the coronavirus hit Singapore from out of the blue last month, the economy was facing headwinds. The United States-China trade war and a slowing Chinese economy had already taken a toll, particularly on the manufacturing sector, which was mired in recession - but is showing signs of recovering.
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