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Economy

Singapore GDP falls 12.6%, raising post-election pressure on Lee

COVID triggers technical recession with worst quarterly contraction on record

With the election over, recovering from the coronavirus is the Singaporean government's No. 1 priority.   © Reuters

SINGAPORE -- Singapore's economy shrank 12.6% on the year in the April-June quarter due to sweeping COVID-19 business closures, the government's preliminary data showed on Tuesday, underscoring the challenge facing the leadership after Friday's general election.

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