SINGAPORE: Singapore is set to deliver a strong budget this week to offset the damage to the economy from the Covid-19 (coronavirus) outbreak, with analysts predicting the biggest deficit in almost two decades.
The fiscal gap may widen to 1.5% of gross domestic product in the year beginning April 1, the highest since the 1.7% shortfall recorded in the 2001 financial year, according to the median estimate in a Bloomberg survey of economists.
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