Singapore will enter a recession this year, ‘significant uncertainty’ over duration and intensity: MAS

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Singapore will enter a recession this year, ‘significant uncertainty’ over duration and intensity: MAS

(Updated: )

Singapore will enter into a recession this year because of the blow from the COVID-19 pandemic, resulting in job losses and lower wages, with “significant uncertainty” over how long and intense the downturn will be, the central bank warned on Tuesday (Apr 28). Michelle Teo reports.

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