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More government support for a slowing economy expected: Fitch

Fitch Solutions says upcoming Budget could also hint at when PAP will call an early vote

Annabeth Leow
Published Tue, Jan 22, 2019 · 09:50 PM
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Singapore

FITCH Solutions analysts are looking at looser fiscal policy from the Singapore government in February's Budget, according to a short commentary published by the agency on Monday.

Given factors such as an impending global slowdown and the pressure on the Republic's export-driven economy, the report said that the rising external downside risks "are likely to prompt policymakers to adopt policies to cushion the economy through domestic-oriented initiatives" such as public infrastructure spending.

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