THE second quarter of 2021 economic growth will be announced next Friday. This time around, the domestic economy is expected to turn around for the first time since the second quarter of 2020 where the economy collapsed by 17.1% year-on-year – the worst contraction since the 1997 Asian Financial Crisis.
The poor economic performance since the second quarter of 2020 is primarily due to Covid-19 which was declared as a pandemic on March 11, 2020 by the World Health Organisation.
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