Labour market recovery likely to be weak, uneven, gradual: MAS
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
SINGAPORE's labour market should gradually rebound as the economy re-opens - but recovery is likely to be weak, uneven and long-drawn, with unemployment expected to decline more gradually than it did following the Global Financial Crisis.
This is according to the latest review of macroeconomic conditions by the Monetary Authority of Singapore (MAS), which was released on Wednesday.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts