(The Straits Times)
The nascent economic recovery that started in the later half of 2020 has improved the financial health of most Singapore residents, but some segments of the population are still struggling, a DBS Bank report found.
The path to recovery from the coronavirus-induced recession is likely to be uneven and may require more sustained and targeted support for the vulnerable lower-income group and middle-aged workers, said DBS in the second edition of its NAV Financial Health Series report released on Tuesday (March 2).
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