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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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Published Fri, Apr 3, 2020 · 09:50 PM
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 warned.
