Virus-hit Singapore plunges into recession as economy shrinks 41%

Singapore plunged into recession in the second quarter as the economy contracted more than 40 per cent, preliminary data showed Tuesday, with the trade-dependent city state hammered by the coronavirus in another ominous sign for the global recovery.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3j37rEc