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SINGAPORE, March 19 (The Straits Times/ANN) - A recession in Singapore "appears inevitable", said DBS Bank as it now sees the economy shrinking by 0.5 per cent this year, instead of the 0.9 per cent growth it forecast last month.
SINGAPORE: Singapore's Deputy Prime Minister Heng Swee Keat said here on Friday (Feb 28) that he would ask for permission from President Halimah Yacob to draw on Singapore's past reserves if the Covid-19 (coronavirus) outbreak deteriorates significantly and calls for it.
HARARE (Reuters) - Zimbabwe's main opposition party is planning street demonstrations next week to protest against the government's handling of the economy
BRATISLAVA (Reuters) - Britain must make up its mind on the start of formal divorce procedures with the European Union as its economy stands to lose the most from the prolonged uncertainty, the head of euro zone finance ministers Jeroen Dijsselbloem said on Friday.
HARARE (Reuters) - Zimbabwe's main public service union on Friday rejected government plans to cut 25,000 jobs and suspend annual bonuses, saying that would hurt workers already struggling to make ends meet.
CAPE TOWN (Reuters) - South Africa's austere budget, aimed at avoiding credit rating downgrades, failed to reassure investors and the rand fell more than 3 percent against the dollar while government bond yields soared.
JOHANNESBURG (Reuters) - As thousands of South African university students protested against tuition fee hikes this week, one banner stood out for its raw summary of post-apartheid disappointment: "Our parents were sold dreams in 1994. We are just here for the refund!"
CAPE TOWN (Reuters) - South Africa's Finance Minister Nhlanhla Nene said on Wednesday the disruption of parliament by university students protesting planned higher fees next year was not constructive.
LONDON (Reuters) - The British government said on Wednesday it would commit to NATO's defence spending pledge of two percent of GDP for the next five years, a decision which will help ease U.S. fears about their future ability to rely on a close military ally.
PARIS (Reuters) - France laid down the gauntlet to EU partners on Wednesday with a 2015 budget setting out how it would bring its borrowing back to within EU limits two years later than promised, a retreat it blamed on a fragile economy.