The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Singapore

SUBSCRIBERS

GDP contraction to worsen in Q2 on Covid-19 impact: MAS

Singapore's full-year growth could come in below official forecast range of -4 to -1 per cent, adds central bank

Janice Heng

Janice Heng

Published Tue, Apr 28, 2020 · 09:50 PM
Share this article.

Singapore

SINGAPORE'S gross domestic product (GDP) is likely to contract more sharply in the second quarter than in the first, given the severity of the Covid-19 pandemic abroad and strict measures at home, said the Monetary Authority of Singapore (MAS) in Tuesday's Macroeconomic Review.

Apart from the external blow to electronics and oil-related manufacturing, modern services is likely to suffer, as will private consumption.

With …

SEE ALSO
Singapore’s inflation eases more than expected in March, with headline inflation at 2.5-year low
A NEWSLETTER FOR YOU
Friday, 8.30 am
SGSME

Get updates on Singapore's SME community, along with profiles, news and tips.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Economy & Policy

newspaper iconPurchase this articleshopping cart icon

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here