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Virus-Hit Singapore Plunges Into Recession As Economy Shrinks 41%

Thu Jul 16 , 2020
Singapore’s economy shrank more than 40 percent in the second quarter as the coronavirus plunged the Southeast Asian financial hub into recession for the first time in more than a decade, official data showed Tuesday. The 41.2 percent quarter-on-quarter drop was the worst ever recorded in the city-state, which is […]