Economic downturn Swedish economy also suffered a downturn
Mr. Tan
You favored the approach taken by Sweden where they did not have a lockdown and suffer a smaller economic impact.

Can you read this report. It said that Sweden will suffer an economic decline that may be worse than other countries that have a lockdown.

https://www.cnbc.com/2020/04/30/coronavirus-sweden-economy-to-contract-as-severely-as-the-rest-of-europe.html?&qsearchterm=sweden

What you say now?

TKL reply
Hello. The circuit breaker measures adopted in Singapore caused an estimated $60 billion for 6 million people. We also suffer a big economic decline.

Sweden has a population of 10 million people? Did they spend $100 billion (SGD) to provide relief measures? I do not think they spent money to this scale. I think that they real cost is quite modest, compared to Singapore.

Similarly America had to provide economic relief of several trillion dollars. Their spending per capita is similar to Singapore.

It was possible to reduce the spread of the virus through other measures, instead of a lockdown or circuit breaker. Our minister made a poor judgment to impose the circuit breaker measures.

Tan Kin Lian
 

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