Watchers expect Budget fillip, with output gap set to worsen in 2020
Economy is expected to perform below potential into 2020, so expansionary stance is expected
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Singapore
PUBLIC spending may give less of a boost to the economy this year than earlier expected, going by data in the central bank's twice-yearly report released on Wednesday.
But, with Singapore's economy expected to perform below its potential even into the new year, watchers believe policymakers may loosen the purse-strings when the next Budget is delivered in the first quarter.
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