What shape will Singapore's economic recovery take?

Trajectory of GDP depends on factors like labour market here, global containment of the virus

Much of the recovery in Singapore will depend crucially on the success of containment efforts in other countries.
Much of the recovery in Singapore will depend crucially on the success of containment efforts in other countries.PHOTO: ST FILE

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.

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