Deserted Orchard Road highlights Singapore's economic woes

Collapsing demand is devastating Asia's brick-and-mortar retailers

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Luxury retail stores along Singapore's Orchard Road remain shut as the city-state maintains strict safe distancing measures to curb coronavirus infections. (Photo by Dylan Loh)

DYLAN LOH, Nikkei staff writer

SINGAPORE -- To see the extent of the economic crisis gripping Singapore -- which last week recorded its steepest ever monthly retail sales fall -- just take a random walk down Orchard Road.

One of Southeast Asia's prime shopping hubs, the normally thriving strip of malls and high-end retailers -- a reliable indicator of the country's economic health -- seem almost empty.

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