For instance, the number of overseas Singaporeans fell by 14,000 to 203,000 as of June 2020. This marks the first annual drop since 2009, the economists note, adding that over 50,000 Singaporeans based abroad could return by mid-2021.
Millions of workers who have been working outside of their home country have been returning home since the global pandemic struck.
This follows the massive job cuts as well as a volunteer move for safety reasons, observe Maybank Kim Eng economists Chua Hak Bin and Lee Ju Ye.
