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SINGAPORE ECONOMY

Virus outbreak to buffet retail further after 2.8% fall in 2019

OCBC notes Q1 GDP could contract; all eyes on whether official 2020 forecast will be cut

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Singapore retail sales are expected to be weak this year amid novel coronavirus pressures, following a 2.8 per cent fall in 2019, which was the steepest decline in six years.

Singapore

SINGAPORE retail sales are expected to be weak this year amid novel coronavirus pressures, following a 2.8 per cent fall in 2019, which was the steepest decline in six years.

Deepening from 2018's 0.8 per cent fall, the full-year figure marked the first consecutive annual...

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