SINGAPORE -- Singapore on Monday earmarked a further SG$8 billion ($5.8 billion) worth of support for businesses and residents after the city-state's economy saw its worst quarter on record -- contracting 13.2% on the year in the three months through June.
Gross domestic product is forecast to shrink by 5% to 7% for the full year, and the government is rushing to shore up the most vulnerable sectors as the coronavirus pandemic leaves a trail of business closures and job losses in its wake.
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