Hopes in Singapore for a near-term containment of the pandemic were dashed in mid-July with a spike in new cases, causing a retightening of controls on social gatherings for a month. Meanwhile its regional neighbors, such as Indonesia and Malaysia, are grappling with rising waves of infections. Amidst this gloom, some good news: Singapore’s economy expanded 14.7% year-on-year in the second quarter, its fastest annual pace in at least a decade, according to the Ministry of Trade and Industry.
