You are here

Singapore to see 45,600 retrenchments this year, GDP to contract 5.7%: DBS economist

AB_raffles_270420.jpg
Retrenchments in Singapore could hit 45,600 this year with the economy in a "deep and protracted recession", as the country toils at containing the spread of the novel coronavirus with an extended "circuit breaker", a report from DBS Bank suggested on Monday.

RETRENCHMENTS in Singapore could hit 45,600 this year with the economy in a "deep and protracted recession", as the country toils at containing the spread of the novel coronavirus with an extended "circuit breaker", a report from DBS Bank suggested on Monday.

Authored by the bank's senior...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes