Some economists looking at full-year Singapore recession as outbreak worsens

Singapore

PRIVATE-SECTOR economy watchers last month slashed Singapore's full-year growth forecast by more than half - but, as global uncertainty swells, some now believe that even that downward adjustment might be too rosy.

Gross domestic product (GDP) is tipped to grow 0.6 per cent in 2020, according to results of a poll on Wednesday, down from 1.5 per cent at the last survey by the Monetary Authority of Singapore (MAS) in December.

In the latest poll, respondents see a near 30 per cent chance of economic contraction - sharply higher than the earlier 2 per cent risk.

Recession fears first emerged last month when the MAS…

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