English Threat of Recession Looms over Singapore

New Coronavirus

Threat of Recession Looms over Singapore

Singapore’s manufacturing and trade will probably be hit as it will be affected by the economic disruption in China due to the outbreak coronavirus.

Oleh TIM KOMPAS
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SINGAPORE, FRIDAY – Singapore’s economy may go into recession following the ongoing new coronavirus outbreak, which has hit many sectors of the tiny city-state’s economy, including tourism and manufacturing. “The impact will be significant at least in the next couple of quarters,” [...]