War on Iran: The hidden costs for Singapore – and best/worst case scenarios | Deep Dive #CNA

War on Iran: The hidden costs for Singapore – and best/worst case scenarios | Deep Dive
Countries are feeling the ripple effects of the Middle East conflict, some bearing the brunt more than others. Are rising food and fuel prices only the tip of the iceberg? What is the hidden fallout we should be watching out for? Is there a silver lining for Singapore in this crisis? Steven Chia and Tiffany Ang sit down with Dr Reuben Ng from the Lee Kuan Yew School of Public Policy and Denise Cheok from Moody’s Analytics to find out what will happen if the conflict drags on.

Highlights:
01:10 How exposed is Singapore to the Middle East conflict?
02:19 Even the cost of toys may increase
04:54 People are most concerned about increase in food prices
07:53 Do we have to start changing our habits?
09:50 Are we heading towards a recession or a stagflation?
12:04 Is the government sending the right message?
15:17 Will it be more psychologically damaging if the crisis continues?
16:47 Why a whole-of-government taskforce is necessary
19:34 What’s the worst-case scenario if the conflict drags on?
21:31 Will a prolonged crisis create a divide in our society?

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