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Virus-hit Singapore plunges into recession as economy shrinks 41%

IndiaTimes Tuesday, 14 July 2020
Singapore plunged into recession in the second quarter as the economy contracted more than 40 per cent, preliminary data showed Tuesday, with the trade-dependent city state hammered by the coronavirus in another ominous sign for the global recovery.
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Video Credit: Reuters Studio - Published
News video: Pandemic plunges Singapore into recession

Pandemic plunges Singapore into recession 01:12

Singapore's GDP shrank by a record 41.2% in the last quarter, putting it on course for its worst-ever slump. Gloria Tso reports.

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