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Opinion

Singapore risks underestimating 2021 global economic trauma

Overconfidence puts V-shaped recovery at risk

| Singapore
Singapore's balancing act is of vital importance to economies everywhere.   © Reuters

William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."

Milton Friedman's edict about never letting an economic crisis go to waste is alive and well in modern-day Singapore.

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