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RESILIENCE BUDGET

Measures won't stave off recession but will contain damage: economists

Analysts add that fiscal move must be complemented by monetary action

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The Resilience Budget will help to contain job losses, and position Singapore better for an eventual recovery.

Singapore

THOUGH the larger-than-expected S$48.4 billion Resilience Budget will not stave off recession, it will help to contain job losses and position Singapore better for an eventual recovery, said economists.

This fiscal boost has not reduced the need for strong monetary action...

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