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NEWS ANALYSIS

June reopening can't save Singapore's Q2 GDP, economists warn

Most private-sector analysts are tipping a median double-digit contraction for the period

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Businesses deemed non-essential were shuttered for weeks in April and May in a bid to contain the deadly coronavirus epidemic, and the economic reopening has been staggered.

Singapore

SINGAPORE'S economy was likely a washout in the second quarter, with most private-sector analysts tipping a median double-digit contraction.

Even the earlier-than-expected economic reopening on June 19 will not offer enough rebound to move the needle for the April-to-June...

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