Singapore economy could have contracted 12.4% if not for COVID-19 Budget measures: MAS estimates | Video

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Singapore economy could have contracted 12.4% if not for COVID-19 Budget measures: MAS estimates | Video

(Updated: )

Without the support measures rolled out by the Government to cushion the blow of the COVID-19 pandemic, the economy would likely have contracted by twice as much last year, according to a paper released by the Ministry of Finance on Thursday (Feb 11). Deborah Wong and Alif Amsyar report.

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