The Business Times
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Singapore’s support package won’t solve inflation, but it’ll still help, analysts say

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Annabeth Leow

Annabeth Leow

Published Tue, Jun 21, 2022 · 07:18 PM
    • Trinh Nguyen, senior economist for emerging Asia at Natixis, suggested that more clean transition-related subsidies could be on the cards to indirectly tackle energy costs.
    • Trinh Nguyen, senior economist for emerging Asia at Natixis, suggested that more clean transition-related subsidies could be on the cards to indirectly tackle energy costs. PHOTO: BT FILE

    SINGAPORE’S latest S$1.5 billion raft of relief measures will go some way to defray the impact of rising costs on businesses and households, even though it does not address the underlying drivers of inflation, economy watchers have told The Business Times.

    Calling the targeted approach of the measures “fiscally prudent”, OCBC chief economist Selena Ling said the package is not meant to “solve all the inflation woes of firms and households”.

    “Instead, it is to signal that the government is doing something about it, apart from tightening monetary policy settings,” she said in an e-mail to BT.

    Singapore economyfiscal policySingapore inflation

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