SINGAPORE (Nikkei Markets) -- Singapore's economy is expected to shrink by 0.8% in the first quarter as the global spread of COVID-19 disrupts manufacturing supply chains and empties the city-state's hotels and restaurants.
Nikkei Markets
Singapore growth forecasts slashed as virus hits key sectors
Contraction expected as economists see more support measures
Singapore retailers have been badly hit by the fall in visitor arrivals, and many have already shortened operating hours and reduced staffing levels to cut expenses. © Getty Images
Latest on Nikkei Markets
