Pandemic, circuit breaker cut GDP by $11b, but Budget support helped: The Straits Times

Singapore’s gross domestic product decline $11B as a result of the global pandemic and an economy lockdown for several months. This figure could have been higher if not for the several rounds of government financial support measures. Singapore’s GDP is projected to decline by between 5% to 7% this yea.

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

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