A faster-than-expected reopening from a near two-month lockdown may have saved Singapore from a deeper recession.
Still, the economy is likely to have suffered a double-digit drop in gross domestic product (GDP) in the April-June period. The negative growth cycle will persist for the rest of the year, but the GDP declines will become smaller in the subsequent quarters.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you