Silver linings in the clouds

THIS WEEK'S TOPIC: What has been the impact, if any, of the economic downturn on your business or industry? Should there be support measures for the Singapore economy at this stage?

Victor Mills Chief Executive Singapore International Chamber of Commerce

Singapore's small, open economy is always vulnerable to negative external events. The current trade war between the world's two largest economies means everyone is a loser but small, open economies lose disproportionately more. Calls for government intervention are premature. We may be facing a technical recession but the more important indicator is that the job market is not yet in crisis. Thanks to good fortune, and sound economic management, Singapore has more than enough funds to help workers and businesses should the need arise. We are also very fortunate to have a government with the will to do so.