Singapore Budget 2020 must tackle both immediate & longer-term threats to jobs

Firms hit by tourism slump will need relief; structural unemployment must be fixed

Tackling unemployment could become a top priority for policymakers as the economic damage of the coronavirus outbreak spills over into an already challenged labour market.

Even before the outbreak, this year's Budget was expected to provide fresh impetus to programmes aimed at retooling the growing number of retrenched workers of the old economy with skills that would make them employable in the emerging technology-driven business landscape.

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A version of this article appeared in the print edition of The Straits Times on February 14, 2020, with the headline 'Budget must tackle both immediate & longer-term threats to jobs'. Subscribe