growth forecasts

Singapore will witness a deeper recession this year after the nation extended and tightened its partial lockdown, Citigroup Inc. warned, widening its forecast for an economic contraction.

Analysts at Credit Suisse Group and Citigroup Inc. are concerned that the profit hit from the epidemic may be larger than the market currently expects for the nation’s companies.

The outbreak is plunging the world economy into its worst downturn since the global financial crisis more than a decade ago, the Organization for Economic Cooperation and Development warned on Monday.

SINGAPORE (Feb 21): It is interesting human behaviour, when a major news event occurs, to see people clamour to make predictions about what the impact will be as well as where markets and economies will go. Many get suckered into reading these so-called e