Singapore Q1 GDP -10.6% q/q (annualised). Worse than expected.

First quarter economic growth data for Singapore

Q1 GDP -10.6% q/q (annualised)
  • missing on the -8.2% expected
-2.2% y/y
The forecast range for 2020 has been downgraded to -4 to -1%
  • from -0.5 to +1.5% previous
  • downgrade cites the unprecedented nature of the virus outbreak
more to come