Singapore Enters Recession As Economy Shrinks 41.2% In Q2
Umer Jamshaid Published July 14, 2020 | 09:20 AM
Singapore, (UrduPoint / Pakistan Point News - 14th Jul, 2020 ) :Singapore plunged into recession in the second quarter as growth fell 41.2 percent quarter-on-quarter with the trade-dependent economy hammered by the coronavirus, preliminary data showed Tuesday.
Year-on-year, the economy shrank 12.6 percent between April and June, according to the data from the trade ministry, as strict curbs were imposed to fight the virus.
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