Singapore narrows 2020 GDP forecast to -5% to -7% as outlook dims

PM Lee warns of more economic pain, with COVID crisis 'far from over'

20200810 singapore skyline

The coronavirus has Singapore headed for its worst economic performance in its 55-year history. © Reuters

KENTARO IWAMOTO, Nikkei staff writer

SINGAPORE -- Singapore on Tuesday revised this year's economic growth projection to a range of -5% to -7%, from the previous -4% to -7%, underscoring the prolonged impact of COVID-19 on the city-state's businesses.

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