SINGAPORE (Nikkei Markets) -- Singapore's economy is expected to shrink by 0.8% in the first quarter as the global spread of COVID-19 disrupts manufacturing supply chains and empties the city-state's hotels and restaurants.
According to median estimates in the Monetary Authority of Singapore's latest survey of professional forecasters, the domestic accommodation and food services sector is likely to contract by 8.2% year on year in the first three months.
