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Singapore may take 'some quarters' to bounce back from 2020 recession

Covid-19 erases previous economic gains since 2016; weak recovery likely in H2 but many uncertainties remain

Annabeth Leow

Published Tue, Aug 11, 2020 · 09:50 PM

Singapore

ALL eyes are now on Deputy Prime Minister Heng Swee Keat's arsenal of fiscal bazookas, as the Covid-19 pandemic drags the economy towards its worst recession since independence.

That's as the deadly novel coronavirus, which reached Singapore's shores in January, has done enough damage in just half a year to wipe out economic gains since 2016.