Singapore's economic corona downturn is without equal
A preliminary assessment reveals that Singapore's economy dropped a whopping 41.2 percent from the first to the second quarter. The drop is expected to increase, although there are signs of improvement.
BY RITZAU FINANS
Singapore's economy dropped a record 41.2 percent in the second quarter compared to the first three months of the year, reveals a preliminary assessment of the country's gross domestic product (gdp) for April, May and June, published by its Ministry of Trade and Industry Tuesday.
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