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Recession possible amid Covid-19 outbreak, says PM Lee

Economists say recovery after Q1 still a possibility, but don't rule out technical recession if epidemic drags on

PM Lee visiting Changi Airport on Friday. He says the greater linkages today between economies and China's larger role will weigh on the situation.


WITH the Covid-19 outbreak taking an economic toll, Prime Minister Lee Hsien Loong is not ruling out the possibility of a recession here. Asked about its likelihood, he said: "I cannot say whether we will have a recession or not. It is possible, but definitely our economy will...

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