Some economists looking at full-year Singapore recession as outbreak worsens
Annabeth Leow
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.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
OCBC consumer banking chief Sunny Quek aims to double wealth business by 2029
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
Hengli’s ex-Singapore unit dismisses staff after US sanctions, at risk of being wound down: sources