It was reported that Singapore’s economy has shrank by 41.2 % during the 2nd quarter from the last 3 months.
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The most hard hit were the construction, tourism and retail sectors.
Singapore’s GDP was expected to shrink by 4 and 7 % this year signalled the authorities.
The worse hit performing sector was construction which had fallen by 95.6 % as works were mostly halted during the circuit breaker period.