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.
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
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