A worker delivers goods in Singapore. Photo: Xinhua

Singapore’s economy shrinks by over 40 per cent in Q2, entering recession

  • The city state’s economy, seen as a bellwether for the region, was hit by the coronavirus lockdown and weak external demand, the Trade and Industry Ministry said
  • Analysts see some signs of a recovery, but these could be affected by low consumer confidence and uncertainty over what would happen when stimulus funds run out
Topic |   Singapore
A worker delivers goods in Singapore. Photo: Xinhua
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