Yahoo Asia News, 22 Sep 2008, Reuters
SINGAPORE, Sept 22 (Reuters) - Wage growth in Singapore will probably halve to 2-2.5 percent in 2009 from around 4-5 percent this year if the country slides into a recession in the third quarter, a top labour union official said on Monday.
Halimah Yacob, deputy head of Singapore's dominant National Trades Union Congress (NTUC) -- which represents about 500,000 workers across 1,200 firms -- also said a wage-price spiral in Singapore was unlikely as employees curb salary expectations with the slowing global economy.
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