Reassuring to plan a future in which Covid 19 is endemic, say economists

Reacting to Prime Minister Lee's address, they say businesses are likely to feel the government has the tools to contain Covid-19 flare-ups

Sharon See

Published Tue, Jun 1, 2021 · 05:50 AM

Singapore economy

Singapore

WHILE living with Covid-19 as an endemic disease is not the cheeriest future, the long-term scenario painted by Prime Minister Lee Hsien Loong on Monday - on how Singapore can still thrive in such a new normal - should provide some reassurance to businesses, economists say.

"Businesses are likely to feel more assured that the government has a good handle on the problem, and has the tools to contain any future outbreaks without hard lockdowns," said Maybank Kim Eng senior economist Chua Hak Bin.