Facing biggest downturn, Singapore's virus relief reaches 20% of GDP

SINGAPORE (Reuters) - Singapore rolled out its fourth multi-billion-dollar stimulus package in as many months on Tuesday, as it forecast a deeper recession than previously expected with the COVID-19 pandemic battering the bellwether economy. The new S$33 billion (£18.89 billion) package, unveiled by its finance minister in parliament takes the city-state's support for households and businesses to nearly S$100 billion, or 20% of its GDP.It came shortly after Singapore lowered its GDP forecast to..