Double confirm: Why the PAP die die wanted to hold GE earlier this yr

Economy is really in a bad way. (Btw in May I wrote this: Why Pay And Pay govt wants elections earlier than later)

Ravi Menon, managing director of the Monetary Authority of Singapore, said as much as 20% of the city-state’s economy faces “deep scarring” from the coronavirus pandemic.

Aviation and tourism industries are a worry, especially with an expected slow recovery in travel.

S’pore’s trade-reliant economy, already in recession, is facing its worst contraction on record — about 5% to 7% this year. The government has allocated about S$100 billion in stimulus to cushion the blow for businesses and help save jobs:

MAS has kept monetary policy unchanged tomorrow. Fiscal measures will do the heavy lifting in getting the economy back on track, unlike in the US. Sometimes good to have a one party state.

But the bad news is that Heng thinks PAP govt has done enough: Did u know Heng said no more additional round of support measures?