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Layoffs may loom as Singapore factory outlook falls to 2009 levels

The PMI dropped to 45.4 in March - down by 3.3 points from the month before, the lowest reading since February 2009

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Singapore's factory activity has fallen to levels last seen during the Great Recession, according to early industry figures out on Friday.

Singapore

SINGAPORE'S factory activity has fallen to levels last seen during the Great Recession, according to early industry figures out on Friday.

As the deadly Covid-19 pandemic continues to ravage the globe, jobs could be next on the chopping block, economic watchers also...

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