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Singapore's GDP expected to shrink between 4% and 7% as 2020 growth forecast cut again on COVID-19 impact | Video

Singapore is bracing for its worst-ever recession, with authorities cutting growth projections for 2020 yet again as the economy continues to feel severe strain from the COVID-19 pandemic. The gross domestic product is expected to shrink between 4 and 7 per cent this year, down from the previous projected range of a contraction between 1 and 4 per cent. Michelle Teo explains.

Singapore's GDP expected to shrink between 4% and 7% as 2020 growth forecast cut again on COVID-19 impact | Video

26 May 2020 11:38pm
Singapore is bracing for its worst-ever recession, with authorities cutting growth projections for 2020 yet again as the economy continues to feel severe strain from the COVID-19 pandemic. The gross domestic product is expected to shrink between 4 and 7 per cent this year, down from the previous projected range of a contraction between 1 and 4 per cent. Michelle Teo explains.

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