Large stimulus likely in Singapore Budget: HSBC
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 domestic product (GDP) on the back of packages aimed at restoring business and consumer confidence.
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