Pandemic, Circuit Breaker Cut GDP By $11b, But Budget Support Helped: Ministry Analysts

Source: https://www.straitstimes.com/politics/pandemic-circuit-breaker-cut-gdp-by-11b-but-budget-support-helped-ministry-analysts

Covid-19 pandemic cost the economy $11B in the first half of this year.  In the estimates released by the finance ministry, Singapore’s GDP is expected to shrink by 5% to 7% this year.

 

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