Workforce growth likely to fall to 1-2% in next five years
Singapore
SINGAPORE'S total annual workforce growth is expected to continue on its downward trend to 1-2 per cent between 2016 and 2020 - and this decline is likely to continue beyond that period as the local workforce growth will eventually stagnate, with baby boomers entering retirement.
Manpower Minister Lim Swee Say shared this at a media briefing on Thursday, as he painted the Republic's labour outlook for the next five years, following preliminary employment estimates released by the ministry.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
South Korea’s public finances no longer a credit rating ‘strength’: Fitch
UK consumer confidence improves as inflation and taxes fall
Inflation in Japan’s capital falls below BOJ target, slows for second month
China firms are investing abroad at fastest pace in eight years
Sri Lanka’s economy expected to grow 3% in 2024, central bank says
Yellen says US can bring inflation down without hurting jobs