More donations needed as Singapore sinks deeper into recession

Published Sun, May 3, 2020 · 09:50 PM

Singapore

MASSIVE job cuts are tipped to swell the ranks of the needy, requiring more charities to chip in to help build a multi-stakeholder front.

"Food on the table is going to be a basic concern for some households as the economic downturn bites hard and deep," said Eugene Tan, an associate law professor at Singapore Management University (SMU) and former Nominated Member of Parliament.

CIMB private bank economist Song Seng Wun predicted that the much anticipated recession is going to be harsh because of the cut-back in both supply and demand with movements severely restricted and economic activities reduced to bare essentials in the fight to tame the Covid-19 pandemic.

"There will be more job l…