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Singapore's GDP posts worst-ever contraction of 5.8 percent

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Singapore, Jan 4 (EFE/EPA).- Singapore's gross domestic product (GDP) shrank by 5.8 percent during 2020, its worst contraction since independence from Malaysia in 1965, weighed down by the economic impact of the Covid-19 pandemic.This is the fourth straight quarter of decline of the GDP of the city-state, whose economy is in recession.The last time this happened was during the tech bubble burst in 2001. (Camera: WALLACE WOON).B-ROLL OF THE FINANCIAL DISTRICT IN SINGAPORE.

Added on the 04/01/2021 13:00:00 - Copyright : EFE Inglés

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