With the hustings over, it's time to get down to the business of fixing the economy. As we have heard throughout the election campaign, the biggest issue that needs to be addressed is jobs.
It may get even bigger, because the "insolvency phase" of the Covid-19 economic crisis has yet to play out. The worse-than-expected flash estimates of a 12.6 per cent year-on-year decline in the second quarter's gross domestic product (GDP) and the dramatic 41.2 per cent quarter-on-quarter decline - which confirms that we are in a recession - are a sobering indication of the economic damage already done.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you