Quote:
Originally Posted by Unregistered
For those that keep on trying to sell the narrative that Singapore has done poorly during Covid. Here are some figures to give you some perspective on how well Singapore is doing.
Official Foreign Reserves
Data on Singapore's foreign currency assets.
2016 356 billion
2017 373 billion
2018 392 billion
2019 375 billion
2020 478 billion
2021 565 billion(Sept)
Compared to our neighboring countries that took on massive debts and are now projected to be in serious trouble within the next five years, Singapore did very well. Whatever macro moves Singapore did, pay off massively. You can hate the Gov all you want, but damn, they really know how to invest.
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Even if their assets increase, it means little to civil servants who have not been receiving mid year and end year bonuses for 2019, 2020 and 2021. It's equivalent to clapping for our healthcare workers.
