Watershed year for Singapore’s economy

Singapore's economic indicators reflect the uncertainty of the global picture. PHOTO: ST FILE

Singapore's economy saw its worst recession since independence this year, with global supply and demand battered by the coronavirus pandemic.

While the Republic's industries have seen some signs of recovery over the second half of the year, the economic indicators reflect the uncertainty of the global picture.


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A version of this article appeared in the print edition of The Straits Times on December 25, 2020, with the headline Watershed year for Singapore’s economy. Subscribe