Tuesday 7 April 2020
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scmp - 12 days ago

Singapore unveils US$33.7 billion stimulus to fight coronavirus as recession looms

Singapore on Thursday unveiled an unprecedented stimulus plan worth around S$48 billion (US$33.7 billion) to deal with the economic fallout of the Covid-19 pandemic, with the government tapping its vast reserves for only the second time in history to deal with what is likely to be a deep recession.The move is the most aggressive response yet by an Asian government to the pandemic, which has brought economic activity to a near standstill as nearly a third of humanity is currently in some form of…

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