Singapore is now in technical recession

Singapore is now in technical recession

Singapore Uncensored·2020-07-14 17:00

Source: Google Map

It was reported that Singapore’s economy has shrank by 41.2 % during the 2nd quarter from the last 3 months.

The most hard hit were the construction, tourism and retail sectors.

Singapore’s GDP was expected to shrink by 4 and 7 % this year signalled the authorities.

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