Singapore’s economy is slowly picking up after it contracted 5.4 per cent last year. Photo: AFP Singapore’s economy is slowly picking up after it contracted 5.4 per cent last year. Photo: AFP
Singapore’s economy is slowly picking up after it contracted 5.4 per cent last year. Photo: AFP
Singapore

Singapore’s economy is slowly recovering as income and spending tick upwards, DBS data shows

  • Analysing anonymised customer data, the island nation’s largest bank has noted salary improvements among lower-paid workers, and fewer customers showing wage cuts
  • It also noted that while some of its customers needed the government’s mortgage deferment scheme, there was a savvy group that used it to free up cash for investments

Topic |   Singapore
Singapore’s economy is slowly picking up after it contracted 5.4 per cent last year. Photo: AFP Singapore’s economy is slowly picking up after it contracted 5.4 per cent last year. Photo: AFP
Singapore’s economy is slowly picking up after it contracted 5.4 per cent last year. Photo: AFP
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