Singapore: COVID-19 financial relief impact economy 2020

In a survey of Singaporeans on the COVID-19 financial relief package in March 2020, 60 percent of respondents were of the opinion that the payment of one to three quarters of monthly wages would stabilize the economy the most. On April 7, 2020, the government announced the 'Solidarity' budget, in which businesses will receive additional support for labor and rental costs during the "circuit breaker" period.

Perception of the effectiveness of COVID-19 financial relief measures in stabilizing the economy in Singapore as of March 2020

Characteristic	Share of respondents
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-	-
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-	-
-	-
-	-
-	-
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Release date

April 2020

More information

Region

Singapore

Survey time period

March 27 to 29, 2020

Number of respondents

779 respondents

Age group

20 years and older

Special properties

respondents were Singapore citizens and Permanent Residents

Supplementary notes

Note: 1 Singapore dollar is equal to approximately 0.71 U.S. dollars and 0.65 euros as of May 2020.

The question asked was as follows: "Which of these measures will do the most to help you and your family/stabilise the economy?"

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