I watched the press briefing on Singapore’s 13.2% GDP contraction yesterday. The contraction was worse than expected, and the trade minister looked tired and sombre. We only see what we can see, but there are many things going on that only he and his team are aware of. He did not mince his words and he clearly said that this is not a temporary setback. The pandemic and closing of borders affects many of Singapore’s fundamental strengths. Many things will permanently change and die off. It will not be easy to pivot into new industries. The loss of jobs will affect retirement plans, and many of us would be forced to work longer than we have ever imagined. Strangest Recession Ever It does seem weird to be in worst recession ever, and still see restaurants and shops jam-packed now. Consumer spending seems to be holding up. I wonder how...