Asia Competitiveness Institute, Lee Kuan Yew School of Public Policy, National University of Singapore
Summary: ACI’s ASEAN Economic Competitiveness Analysis finds that Singapore’s labour market has traded off Labour Market Flexibility for Productivity Performance. Singapore has fallen from being the most flexible market at the start of the study in 2000 to being below the ASEAN-10 average in 2018. In contrast, the Productivity Performance of Singapore has grown with […]
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Note: The reported values are annual figures. 2021 data refers to as of 2021Q2. Summary: As an international tourist destination and connection hub, millions of tourists visit Singapore annually. However, the recent border closure in response to the COVID-19 pandemic has affected the tourism sector’s revenue and employment, with spillover effects on other industries. Using […]
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Summary: Even before the pandemic, business sentiment on the employment forecast in Singapore’s manufacturing sector had consistently been negative for years, indicative of the industry’s intention to transition towards a leaner workforce. Using the data published by the Economic Development Board and the Singapore Department of Statistics, this week’s chart depicts the business sentiment on the employment […]
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Summary: Singapore’s overall unemployment level climbed to a 16-year high in 2020, attributed to the COVID-19 pandemic. However, the ‘Job Support Scheme’, along with other policy measures arguably lessened the hit of COVID-19 on Singaporeans who managed to keep their jobs. This week’s chart shows the change in total paid working hours, as well as the change in paid overtime […]
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Singapore’s Ministry of Trade and Industry has provided forecasts of -5% to -7% for the nation’s real GDP growth in 2020. Looking at the worst-case scenario of a 7% contraction this year, what can we learn of Singapore’s labour market dynamics, and what can be done to improve resiliency? To put this forecast into perspective, the last time Singapore faced a […]
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Summary: The COVID-19 pandemic has had an adverse impact on the employment of women in India primarily because female labour in India forms a major part of the informal sector, and some of the most vulnerable sectors such as healthcare and education. The nation-wide lockdown imposed in India on 25 March 2020 exacerbated the already […]
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