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Singapore’s GDP contracts by 5.8 per cent in 2020

SINGAPORE (XINHUA) – Singapore’s Ministry of Trade and Industry announced yesterday based on advance estimates, the country’s gross domestic product (GDP) for the whole of 2020 fell by 5.8 per cent year on year, compared to the 0.7 per cent growth in 2019. For the fourth quarter of 2020, Singapore’s economy contracted by 3.8 per […]

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