Singapore's economic recovery will be 'slow and uneven': Chan Chun Sing

SINGAPORE: Singapore's economic recovery in the months ahead will be"challenging", with the journey"slow and uneven", said Trade and Industry Minister Chan Chun Sing on Tuesday .on a quarter-on-quarter seasonally adjusted annualised basis in the April to June period, taking the economy into a technical recession.

"The road to recovery in the months ahead will be challenging. We expect recovery to be a slow and uneven journey, as external demand continues to be weak and countries battle the second and third waves of outbreaks by reinstating localised lockdowns or stricter safe distancing measures," he added.Singapore imposed a circuit breaker period on Apr 7 to stem the spread of COVID-19, shuttering all non-essential businesses.

Mr Chan said on Tuesday that the pace of Singapore's recovery will depend on how well the public health situation is managed and whether community infections can be kept low. "My assurance to our people and businesses is this - the Government will continue to walk this challenging journey with all of you," said Mr Chan.

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