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VIRUS OUTBREAK

Singapore lay-offs may hit 100,000 in 2020, with unemployment at 4-5%

Worst-hit likely to be retail, aviation, tourism sectors; tech talent in demand now more than ever

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Recruiters have reported a 10% rise in job applications in recent weeks, particularly from industries that have been hit hardest by the pandemic, including retail, travel and aviation.

Singapore

SINGAPORE'S unemployment rate could reach around 4 per cent in 2020 as the country toils to contain the spread of the novel coronavirus with an extended circuit breaker that economists say could lead to a deeper recession.

Most of these job losses are likely to be in the...

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