Lee Ju Ye

Singapore's GDP remains in the red with 7% slump in 3Q2020: MTI - THE EDGE SINGAPORE

Singapore economy

Singapore's GDP remains in the red with 7% slump in 3Q2020: MTI

This is a significant improvement from the historic 13.3% plunge logged in 2Q2020 ended June.
Government measures to prevent economy from contracting by 5.6%, but Singapore still expected to face a full year recession - THE EDGE SINGAPORE

Singapore economy

Government measures to prevent economy from contracting by 5.6%, but Singapore still expected to face a full year recession

Going into FY21, we foresee the fiscal deficit will continue to be impacted by weak operating revenue,” say RHB economists.
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