Budget 2023: Help for households to manage expenses, and for firms to build capabilities likely

Observers said individuals, workers and companies will need near-term and longer-term help which they expect to or hope to see in Budget 2023. PHOTO: ST FILE
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SINGAPORE – The gloomy economic outlook, with experts predicting a recession across global economies, combined with tense geopolitical relationships, has been a cause of worry for Singaporeans and local businesses.

These challenges come as Singapore is stepping out of the shadow of the Covid-19 pandemic, which has impacted the economy in recent years, in particular sectors such as aviation and food and beverage.

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