Singapore flags deep recession as coronavirus shrinks economy in first quarter
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SINGAPORE (Reuters) - Singapore's economy suffered its biggest contraction in a decade in the first quarter, data showed on Thursday, as the coronavirus pandemic prompted the city-state to cut its full-year GDP forecast and plan for a deep recession.The grim data is likely to reinforce fears that global activity will sharply contract in the first half of the year. Singapore is one of the world's most open economies and one of the first to report growth data since the virus spread from China at..