Coronavirus Hit Wages Harder than Employment in Singapore

Coronavirus Hit Wages Harder than Employment in Singapore


Wages in Singapore will take a bigger hit than jobs as businesses try to cut costs in an economy bracing for a sharp contraction, the central bank said. As revenues shrink, businesses are likely to curb costs by reducing headcount and wages, the Monetary Authority of Singapore said in its biannual Macroeconomic Review, released Tuesday […]
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Date: 28th April 2020 at 18:01
Author: hrinasia – Nurlita

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