The recession has to come based on the economic cycles. Its just how well prepared the country is to face the challenges that comes along with it. At the current moment, the recession has not profoundly affected many Singaporeans. However this cannot be attributed to the good work made by the govt.
I think it cannot be solely attributed to the good work made by the government. Singaporeans, foreign talents, external investors and the previous conducive global environment also played their parts.