ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Economy

Singapore adds $23bn of virus relief after flagging 4-7% GDP fall

Q1 contraction of 0.7% seen as start of long struggle as infections near 32,000

SINGAPORE -- Singapore on Tuesday downgraded its growth projection for this year to a range of -7% to -4%, from the previous forecast of -4% to -1%, suggesting prolonged economic damage from the coronavirus pandemic despite the phased business resumption starting next week.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more