Singapore inches towards first recession in two decades amid COVID-19, Malaysia travel ban

Singapore inches towards first recession in two decades amid COVID-19, Malaysia travel ban

Photo by Duy Nguyen on Unsplash

Singapore is edging towards its first full-year recession in nearly two decades as neighbouring Malaysia’s travel ban cuts off a key source of labour and the coronavirus pandemic hits the economy, firming the case for the central bank to loosen policy.

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