A potential worsening in the coronavirus pandemic remains the top threat to the Singapore economy, according to economists surveyed by the Monetary Authority of Singapore.
Singapore's economy is expected to shrink by 7.6% in the third quarter compared to a year ago, which would be the third consecutive quarter of contraction, according to a survey by the Monetary Authority of Singapore.
A potential worsening in the coronavirus pandemic remains the top threat to the Singapore economy, according to economists and analysts in the MAS survey. For the full year, the survey respondents expect Singapore's gross domestic product to fall by 6%, said the MAS.Roslan Rahman | AFP | Getty Images SINGAPORE — Singapore's economy is expected to shrink by 7.6% in the third quarter compared to a year ago, with thethe top economic threat, according to a central bank survey of economists and analysts. That would be the Southeast Asian economy's third consecutive quarter of year-over-year contraction. But it will still be an improvement from the— which is the country's worst quarterly contraction on record, data by the Singapore Department of Statistics showed. The quarterly survey was sent out last month to 28 economists and analysts who closely monitor the country's economy. The Monetary Authority of Singapore received replies from 26 of them.
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