Expansionary Budget 2021 to smooth out rough patches on road to recovery

Beyond still-suffering sectors, some fiscal support may be redirected to repositioning, rebuilding economy for post-Covid-19 world.

Singapore's economy has been recovering at a surprisingly brisk pace since the trough in the second quarter. ST PHOTO: GIN TAY
New: Gift this subscriber-only story to your friends and family

SINGAPORE - Even as optimism bubbles for a sustained economic rebound, government support will be needed to smooth out the rough patches along the road to a full recovery.

There is not much of a choice when it comes to aviation, tourism and hospitality businesses that continue to suffer from travel curbs. But some of the fiscal support is likely to be redirected to repositioning and rebuilding the economy for a post-Covid-19 world.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.