Economists pointed to the less sharp decline in the fourth quarter as a sign that Singapore’s economy was poised for recovery. Photo: AFP
Economists pointed to the less sharp decline in the fourth quarter as a sign that Singapore’s economy was poised for recovery. Photo: AFP
Singapore
This Week in Asia /  Economics

Singapore posts worst recession ever for 2020 but a rebound is in sight

  • Annual GDP contracted by 5.8 per cent, according to advance estimates
  • Economists say the trade-reliant city state is poised for economic recovery but warn it will be uneven and dependent on the global vaccination drive

Topic |   Singapore
Dewey Sim
Dewey Sim in Singapore

Updated: 8:06pm, 4 Jan, 2021

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Economists pointed to the less sharp decline in the fourth quarter as a sign that Singapore’s economy was poised for recovery. Photo: AFP
Economists pointed to the less sharp decline in the fourth quarter as a sign that Singapore’s economy was poised for recovery. Photo: AFP
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