HSBC sees expansionary Singapore budget with stimulus package that may be largest in decade

Expecting the Singapore government to embark on a "highly expansionary" Budget in February, HSBC said the deficit may widen to 1.3 per cent of gross domestic product on the back of packages aimed at restoring business confidence.- ST/ANN

SINGAPORE (The Straits Times/ANN): While recovering, economic growth in Singapore is likely to remain subdued in 2020, which HSBC Private Bank has said could result in a fiscal stimulus package that may be the largest in a decade.

Expecting the Singapore government to embark on a "highly expansionary" Budget in February, HSBC said the deficit may widen to 1.3 per cent of gross domestic product (GDP) on the back of packages aimed at restoring business confidence, said HSBC.