Singapore crowned as best city in managing post-COVID-19 era

The city-state came first as well with the lowest change in unemployment rate.

Singapore ranked first amongst the best OECD nations in managing the post-COVID-19 economy, according to a research from FutureLearn.

Singapore also came in foremost when it comes to a projected YoY change in unemployment rate, with a score of only 0.2, followed by cities in Switzerland with 0.42 and Japan cities with 0.64. This signals a low impact of the pandemic on the job market.

Meanwhile, the city nabbed 22nd spot in the GDP/Capita compound annual growth rate over the period 2013-2018 with 2.43%, and also came in sixth when it comes to the estimated impact that COVID-19 may have on the economy due to measures implemented, COVID-19-cases, COVID-19-deaths as well as IMF outlook on the economy.

In terms of government efficiency, Singapore got 14th place. FurtureLearn noted that this shows the government’s response to the pandemic in terms of the support offered to businesses, such as loans and financial help (to both individuals and companies) and plans set in place to help ailing industries.

However, focusing on workers’ rights, parental leave laws, government efficiency and immigration statistics and sentiment, Singapore ranked in the middle at 40, 69, 45, respectively

With regard to quality of life, Singapore is ranked third for countries with disposable income at a 96.29 score and 14th in healthcare spending, which shows yearly household expenditure on health as a percentage of disposable income.