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Will S$92b do it? Jobs may be best gauge of efficacy of support moves

Unemployment rates, job losses compared to previous crises may be a good proxy; GDP not a good measure given Singapore's open economy

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The effectiveness of government support in the Covid-19 crisis might better be assessed - if at all - in terms of its effect on unemployment, more than its mitigation against the recession, said analysts, who noted that efforts have explicitly been focused on jobs.

Singapore

THE effectiveness of government support in the Covid-19 crisis might better be assessed - if at all - in terms of its effect on unemployment, more than its mitigation against the recession, said analysts, who noted that efforts have explicitly been focused on jobs.

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