The Merlion Park waterfront stands empty in Singapore, as citizens and visitors stay away during the coronavirus circuit breaker measures, which are having a negative impact on economic activity in the city state. Photo: Bloomberg

Singapore expects spike in job losses as coronavirus pandemic hits demand and economists predict ‘darkest year’ ahead

  • Government policies to safeguard jobs could see retrenchments affecting foreigners more, leading to knock-on effects on the rental market
  • Singapore is bracing for a deeper-than-expected recession with people saving instead of spending even after circuit-breaker measures are lifted
Topic |   Coronavirus pandemic
The Merlion Park waterfront stands empty in Singapore, as citizens and visitors stay away during the coronavirus circuit breaker measures, which are having a negative impact on economic activity in the city state. Photo: Bloomberg
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