Budget 2020 Debate: Vikram Nair on long-term impact of COVID-19 outbreak
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Budget 2020 Debate: Vikram Nair on long-term impact of COVID-19 outbreak(Updated: )
MP Vikram Nair said Budget 2020 does an excellent job on two fronts. Firstly, it addresses Singapore’s short-term needs in cushioning the economic impact of COVID-19. Secondly, it continues to invest in Singaporeans and meets the country’s long-term structural needs. Speaking in Parliament on Thursday (Feb 27), he said that if the coronavirus outbreak becomes a global pandemic and countries take different measures, the economic impact could have longer-term implications for Singapore. He urged companies to prepare for significant disruptions in global trade and supply chains.