There is no doubt that the COVID-19 pandemic proved to be a unique disturbance that touched all levels of human society. It also affected the entrepreneurial spirit and dampened the number of Singapore company incorporation.

Singapore businesses also suffered due to the unavoidably imposed lockdowns to control the spread of Covid 19. However, as per the national business survey conducted in Nov 2020, more than 65% of SME owners were confident about surviving the disturbance.

In March 2021, after the start of the vaccination program, the prospects are improving for the Singapore economy. It is rapidly leaving behind the double-digit 13.4% year-on-year slump of the 2Q of 2020.

As per the experts, the recovery of the Singapore economy will rely on three factors.

Read Original Source: https://steemit.com/singaporeincorporation/@leslsieshaffer/economic-recovery-and-business-confidence-in-singapore