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Singapore recession forecast for 2020 worsens to between -4% and -7% The Singapore economy is staring at a much deeper r…
Singapore recession forecast for 2020 worsens to between -4% and -7%
The Singapore economy is staring at a much deeper recession than earlier forecast. The official outlook was lowered on Tuesday, from previous estimates of a GDP contraction of between 1 per cent and 4 per cent, as the fallout from the Covid-19 pandemic continued.