A woman reads a newspaper in Singapore. Photo: Xinhua
As Asian economies take on public debt to combat Covid-19, who will foot the bill?
- It’s a familiar scene: with each new surge governments impose tough restrictions then headline-grabbing fiscal injections
- But fiscal firepower has its limits. Experts warn that while countries like Singapore may be able to stand the heat, others like the Philippines and Indonesia could get burnt – saddling the young with the burden
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A woman reads a newspaper in Singapore. Photo: Xinhua


