When it comes to total spending, Singapore remains ahead but Hong Kong is closing the gap, economists say. YAhooFinance
-- Hong Kong is catching up with global peers in its fiscal response to the coronavirus outbreak with this week’s announcement of an “unprecedented” HK$137.5 billion stimulus package focused on avoiding mass job losses.
When it comes to total spending, Singapore remains ahead but Hong Kong is closing the gap, economists say. Singaporeans will start receiving cash from the handout programs as soon as this month, the government said.
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