Estimated

Singapore on path to recovery as fourth-quarter GDP shrinks less than estimated

FILE PHOTO: A view of the city skyline in Singapore January 25, 2021. REUTERS/Edgar Su/File Photo February 15, 2021 By Chen Lin and Aradhana Aravindan SINGAPORE (Reuters) – Singapore’s economy contracted less than initially estimated in the fourth quarter, putting the country on a path to a gradual recovery in 2021 after it marked its …

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Minimum Wage Mandate in Biden’s Pandemic Relief Plan Estimated to Wipe Out 1.3 Million Jobs

President-elect Joe Biden’s plan for pandemic relief contains a $15 minimum wage mandate which Congress has estimated would lead to the loss of 1.3 million jobs. Biden introduced the minimum wage provision in a speech laying out his priorities for a tax-payer funded stimulus package to tackle the damage wreaked on the economy by the …

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