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France 24
France 24
Business

Singapore's economy sees slump but signs point to recovery in 2021

Singapore's economy has been hit hard by the pandemic. © FRANCE 24

Investors are juggling long-term hopes about potential coronavirus vaccines with short-term worries about today's caseload. Also, Singapore's economy records a 5.8 percent contraction in GDP over the third quarter when compared to the same period last year, but analysts anticipate a recovery in 2021.

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