S’pore economy may shrink 7% this year


The city-state is seen as a bellwether of the global economy and the historic contraction highlights the extreme pain being wrought on countries by the killer disease.

Singapore: Singapore’s embattled economy could shrink by as much as 7% this year, which would be the worst reading since independence, with the government saying the coronavirus pandemic had throttled the key export sector.

The city-state is seen as a bellwether of the global economy and the historic contraction highlights the extreme pain being wrought on countries by the killer disease.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Singapore , economy , GDP , shrink , 7% , this year ,

   

Next In Business News

Ringgit continues to appreciate vs USD at close
Fajarbaru wins RM13.33mil contract from Malaysia Airports
Fitters Diversified bags RM26.1mil subcontract from IJM Construction
CIMB Thai 1Q net profit dips 24.6% to 626.1 million baht
Maxis ready to build another 5G network, fully supports govt 5G delivery model
Iconic Worldwide raises RM95.6mil in oversubscribed rights issue
Merdeka 118 tower receives LEED Platinum certification
Hextar Capital to diversify into construction and project management services
Genting Plantations expects demand for palm products to advance in 2024
FBM KLCI up despite market weakness, Middle East tension

Others Also Read