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MAS MACROECONOMIC REVIEW

More expected to be jobless, especially in retail, F&B, recreation sectors

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Layoffs and unemployment are expected to rise in Singapore this year, in spite of a massive fiscal shot in the arm, the central bank said in a half-yearly report out on Tuesday.

Singapore

LAYOFFS and unemployment are expected to rise in Singapore this year, in spite of a massive fiscal shot in the arm, the central bank said in a half-yearly report out on Tuesday.

The Monetary Authority of Singapore (MAS) warned that retail trade, food and beverage and...

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