Singapore reported its eighth consecutive month of declining annual exports for the month of may. There are also reports indicating that the total employment growth has slowed and job vacancies have decreased for the fourth consecutive quarter, challenging Singapore's position as the most favourable job market for expats. The data coming in from Singapore over the last few months has raised concerns about the possibility of a recession in the country.

Singapore in a technical recession?

The coronavirus pandemic has hit Singapore’s economy and the country has entered a technical recession after shrinking by 41.2% in the second quarter compared to the previous quarter. Watch report

Coronavirus pandemic hits Singapore: Economy slips into recession

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singapore recession

Singapore in a technical recession?

Coronavirus pandemic hits Singapore: Economy slips into recession