https://www.channelnewsasia.com/news/bus...i-12927168
Singapore in technical recession after GDP shrinks 41.2% in Q2 from preceding quarter due to COVID-19
The advance GDP estimates are computed largely from data in the first two months of the quarter – in this case, April and May which were the two months when non-essential economic activities were temporarily halted as part of the circuit breaker rules aimed at containing the COVID-19 pandemic.
Singapore exited the circuit breaker on Jun 1 and began a phased reopening of its economy. It entered phase two of the reopening on Jun 19, which allowed retail shops to reopen and restaurants to resume dine-ins while observing social distancing.
It has been quite a ride in the past few weeks. So, after an exciting GE2020 that sees valuebuddies relatively quiet for a while, Quo Vadis Singapore ?
Will we see significant shifts in policies, slaying of sacred cows ?
If so, how will these affect our current investments ?
Cld be some interesting times ahead.
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GE results could tilt some policies further left: Citi
ANALYSTS believe that post-GE2020, some government policies would tilt further to the left, with implications for both the markets and the economy.
https://www.businesstimes.com.sg/compani...-left-citi