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themalaymailonline - 1 month ago

Singapore cuts growth forecast again amid Covid-19 fallout, expects economy to shrink 4pc-7pc in 2020

SINGAPORE, May 26 — Singapore could be heading for its worst recession on record as the Ministry of Trade and Industry (MTI) today further downgraded its growth forecast, expecting the economy to contract by between 4 and 7 per cent in 2020. This...

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