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Impact of COVID-19 outbreak on YoY growth rate quarterly GDP Singapore 2020

In the third quarter of 2020, the Singapore GDP contracted by seven percent compared to the third quarter of 2019. This is Singapore's worst-ever economic contraction on record, and the government has warned that recovery would be slower than previously expected.

Impact of COVID-19 on the year-on-year growth rate of the quarterly gross domestic product (GDP) of Singapore as of the 3rd quarter 2020

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Sources

Release date

October 2020

Region

Singapore

Survey time period

Q3 2019 to Q3 2020

Supplementary notes

*Advanced estimates.

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Statistics on "Coronavirus (COVID-19) pandemic in Singapore"

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