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.
The city-state the same day reported a 0.7% decline in its first-quarter gross domestic product. Later, the government announced additional support for affected businesses worth 33 billion Singapore dollars ($23 billion).
