The city-state lowered its GDP forecast range to a contraction of 7% to 4% from the prior range of a decline of 1% to 4%.
SINGAPORE: Singapore downgraded its 2020 gross domestic product forecast for the third time on Tuesday, the trade ministry said, as the bellwether economy braces for the deepest recession in its history.
The city-state lowered its GDP forecast to a contraction range of -7% to -4% from the prior range of -1% to -4%.
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