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Large stimulus likely in Singapore Budget: HSBC

Published Thu, Jan 9, 2020 · 09:50 PM

Singapore

ECONOMIC growth in Singapore is likely to remain subdued in 2020 and this could be the impetus for a fiscal stimulus package that may be the largest in a decade, according to HSBC Private Bank.

The bank is expecting the Singapore government to embark on a "highly expansionary" budget. The deficit may widen to 1.3 per cent of gross d…

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