What shape will Singapore's economic recovery take?
Trajectory of GDP depends on factors like labour market here, global containment of the virus
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Much of the recovery in Singapore will depend crucially on the success of containment efforts in other countries.
PHOTO: ST FILE
Cai Daolu
Like most countries, the impact of Covid-19 on Singapore's economic activities has been severe. In the second quarter of this year, the Republic's economy experienced a historic contraction of 13.2 per cent.
At this run rate, the annualised rate represents a contraction of 42.9 per cent in economic output.
