Singapore is looking to slowly reopen its economy starting June 2. Photo: AFP

Singapore cuts economic forecast, on course for worst recession since independence

  • The city state’s growth forecast now stands at a range of -7.0 per cent to -4.0 per cent, putting it on course to its worst contraction since 1964
  • The biopharma sector is seen as among ‘the pockets of resilience’ in the economy, while industries such as manufacturing and construction will be hard hit
Topic |   Coronavirus pandemic
Singapore is looking to slowly reopen its economy starting June 2. Photo: AFP
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