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Quarterly Global Market Report Q4 2020

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91 November, 2020 Singapore Global: 10 Availability: 2 Cost: 74 Regulation: 12 Productivity: 1 2020 Global TWI Ranking (out of 76) 2020 Regional TWI Ranking (out of 15) Region: 3 Availability: 1 Cost: 15 Regulation: 2 Productivity: 1 Remote Readiness 1 Remote Readiness 5 Borders in Singapore are generally closed for all non-residents. The exception to this is for short-term visitors from Australia, China, New Zealand, Brunei and Vietnam. All arrivals are subject to a negative Covid-19 test and potential quarantine. Schools and businesses are open. 16.1% 8.8% 0% 20% Singapore Regional Ave. % of GDP Singapore Q4 2019* Q4 2020* % Change YOY Total Workforce 3.88M 3.79M -2.3% Unemployment Rate (%) 3.2% 3.6% +13% Unemployed Workers 124K 136K +10% $54.3 billion USD has been spent to combat the impact of Covid-19. The key measures to support the economy and jobs include: • A cash payment to all Singaporeans with extra payments for low-income and the unemployed • Wage subsidy based with sectors that are worst hit receiving a higher rate of support • Financial assistance for micro to medium sized businesses • Foreign Worker Levy was waived for two months • Launch of a Jobs and Skills package in order to create 100,000 jobs – salary subsidy incentives for employers • https://www.imf.org/en/Topics/imf-and-Covid-19/Policy-Responses-to-COVID-19 Manpower 2020 Total Workforce Index Workforce Statistics Covid-19 Situation Covid-19 Government Spend as % of GDP Border Closures and Restrictions Additional Government Spending and Foregone Revenue to September 2020 Covid-19 Confirmed Cases and Deaths Reported to WHO (on a weekly basis) *Reported figures at Q4 each year https://covid19.who.int/ https://www.imf.org/en/Topics/imf-and-covid19/Fiscal-Policies-Database-in- Response-to-COVID-19 Other Sources: https://data.worldbank.org/ https://ilostat.ilo.org/ https://home.kpmg/xx/en/home/insights/ https://www.gov.uk/foreign-travel-advice United States Embassy https://tradingeconomics.com/ https://safetravel.ica.gov.sg/health

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