A cyclist rides along the pier at the near-empty Merlion Park in Singapore. Photo: Bloomberg
Coronavirus: Singapore-style stimulus not for Malaysia, Indonesia and Thailand, say economists
- The latest tranche of measures brings Singapore’s stimulus spending to US$65 billion, or about 20 per cent of GDP, putting it alongside Germany and Japan
- Markets gained on hopes its neighbours would follow suit, but analysts said without deep reserves, countries should consider the risks of ultra-cheap loans
A cyclist rides along the pier at the near-empty Merlion Park in Singapore. Photo: Bloomberg