The South-East Asian business and travel hub, expected to see its economy contract this quarter after a paltry 0.7% growth last year, could also unveil schemes to tackle cost of living issues ahead of an election expected this year. Economists at Citi and Maybank expect a virus relief package of at least S$700mil at the Feb 18 budget.
SINGAPORE: Singapore is set to roll out a hefty package of measures to cushion the blow from the coronavirus epidemic on its economy next week, with some analysts expecting it to budget for its biggest deficit in over a decade.
The South-East Asian business and travel hub, expected to see its economy contract this quarter after a paltry 0.7% growth last year, could also unveil schemes to tackle cost of living issues ahead of an election expected this year.
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