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Singapore facing its most severe recession ever

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Singapore is facing its most severe recession ever, due to the shock to supply and demand caused by the Covid-19 pandemic, said Ravi Menon, managing director of the Monetary Authority of Singapore. The country's gross domestic product for this year is forecast to contract between 7% and 4%, Mr. Menon said in a transcript of a podcast with Tim Adams, president and chief executive officer of Institute of International Finance, on May 28.

 

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Second Pandemic Wave Would Inflict Big Economic Cost, Says OECDA second wave of lockdowns to counter a resurgent novel coronavirus would deal a terrible blow to a global economy already facing a severe contraction, the Paris-based research body said. STOP YOUR FUD !!! Well germany and norways governement has now officially sayd covid19 is a normal flu. and here in Denmark from 1566 dead from normal flu in 2018 to 550 in 2020. and worldwide flu is normaly 600.000 pr year covid19 wayyy behind. Any fake waves of covid will news Recessions now, through news gov fault. Gov have to work hard in the lie, Against families Business jobs ruined last quarter Next quarter in market even tougher with 2 metres social distancing rubbish.
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