From an earlier forecast of - 0.5% to 1.5%, Singapore's 2020 GDP is now likely to contract by between 4 and 1%, according to government estimates released earlier this morning.
SINGAPORE (Mar 26): All eyes are on the government’s second stimulus package to be announced by Deputy Prime Minister Heng Swee Keat on March 26.
This comes as Singapore’s gross domestic product fell 2.2% in the first quarter, worse than the median forecast of a 1.4% decline in a Bloomberg survey of economists.
