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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

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Annabeth Leow

Annabeth Leow

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

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    Record plunge
    Broad collapse

    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.

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    Singapore economyCovid-19

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