HRmatters21 > HR Updates > Singapore’s GDP expected to shrink between 4% and 7% as growth forecast cut again on COVID-19 impact

Singapore’s GDP expected to shrink between 4% and 7% as growth forecast cut again on COVID-19 impact

Singapore is bracing for its worst-ever recession, with authorities cutting growth projections for 2020 yet again as the economy continues to feel severe strain from the COVID-19 pandemic.