SUBSCRIBERS

Construction, infocomm to drive 2020 growth amid Covid-19 virus impact

Janice Heng
Published Mon, Feb 17, 2020 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    Singapore

    WITH the once-expected manufacturing recovery in 2020 now jeopardised by the Covid-19 outbreak, Singapore is counting on sectors such as construction, and information and communications, said the Ministry of Trade and Industry (MTI) on Monday.

    Manufacturing was expected to turn the corner in 2020, after a weak year in which it shrank by 1.4 per cent. Growth in 2019 came instead from construction - up 2.8 per cent after three years of decline - and services, up 1.1 per cent.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Copyright SPH Media. All rights reserved.