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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

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.

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