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

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.

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

28 Apr 2020 10:30pm
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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