Positive growth next year, but Singapore economy not out of woods yet

  • 📰 The Straits Times
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

Even if a vaccine becomes available, recovery will take more time than in previous recessions.. Read more at straitstimes.com.

Get unlimited access to The Straits Times and more at S$ 0.99/month.Get unlimited access at $0.99/month*Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*SINGAPORE - The Monetary Authority of Singapore made it clear the economy is not out of the woods yet, even after a sharp jump in economic growth in the July to September period.

Analysts agreed with the central bank's assessment, saying the necessity to continue with some social distancing measures for the contact-intensive segments of the services sector and restrictions on travel will keep the recovery slow and uneven.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Digital economy to be key focus of Singapore's new five-year R&D plan, says DPM HengSINGAPORE - The digital economy will feature prominently in Singapore's next five-year Research, Innovation and Enterprise (RIE) plan, said Deputy Prime Minister Heng Swee Keat on Tuesday (Oct 27).. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

Employment outlook likely to remain weak amid prolonged economic downturn: MASSINGAPORE — Employment prospects in Singapore will continue to remain weak despite the economy rebounding in the third quarter, after a record second quarter recession brought on by the circuit breaker period.
Source: TODAYonline - 🏆 1. / 99 Read more »

Man fined for attacking woman after she did not keep lift doors open for himSINGAPORE: When a woman did not keep the lift doors open for him, a 51-year-old man butted in with his walking stick and quarrelled with ... Hah, singaporeans Tf 😂 Rotan lah
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

South Korea economy returns to growth amid global coronavirus struggleSEOUL (REUTERS) - South Korea's economy returned to growth in the third quarter, climbing out of the slump brought about by the coronavirus as its major trading partners began lifting pandemic restrictions.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

New programme launched to help SME leaders in Singapore drive transformation and growth effortsLeaders of small- and medium-sized enterprises will learn how to drive change and growth in their companies.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

S’pore’s recovery from downturn set to take 18 months, twice as long as earlier recessions: EconomistsSINGAPORE — Economists expect the economy to take at least six quarters — 18 months — to recover from the current downturn, double the time it took in previous recessions. 18 months? From when? No. It will take much longer. 18 years is more accurate.
Source: TODAYonline - 🏆 1. / 99 Read more »