News Update, CNA 16 July 2020: Singapore’s economic situation remains dire, with recovery likely to be ‘slow and uneven’: MAS
While there is a healthy projection that Singapore Economy is going to pick up in 2H 2020, the current economy seems “dire”, MAS chief said. This is after shrink of 41.2% in 2Q2020 compared to the last quarter. Increased in unemployment and bankruptcy numbers in the coming months will see the recovery ‘slow and uneven’. …