Morning Shot: Why Singapore is acting early with S$1 billion support amid the Middle East war

Singapore has rolled out close to S$1 billion in additional support for businesses and households, even as the full economic impact of the Middle East conflict has yet to be reflected in the data. Speaking on CNA’s Morning Shot, said NTU’s Asst Professor of Economics Chua Yeow Hwee said early intervention can help manage inflation expectations, while targeted measures are crucial for a small, open economy like Singapore. He added that the move signals potential risks to growth and prices in the months ahead.

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