{"id":5985,"date":"2020-07-14T03:00:35","date_gmt":"2020-07-14T03:00:35","guid":{"rendered":"https:\/\/bengalnewstimes.com\/?p=5985"},"modified":"2020-07-14T03:00:35","modified_gmt":"2020-07-14T03:00:35","slug":"singapore-economy-shrinks-over-40-in-quarter-2-confirming-recession-business-news","status":"publish","type":"post","link":"https:\/\/bengalnewstimes.com\/?p=5985","title":{"rendered":"Singapore economy shrinks over 40% in Quarter 2, confirming recession &#8211; business news"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Singapore\u2019s economy contracted 41.2% in the second quarter from the previous three months, entering a technical recession, preliminary data showed on Tuesday, as lockdown measures against the <a href=\"https:\/\/www.hindustantimes.com\/coronavirus\/\" title=\"Covid-19 outbreak \">Covid-19 outbreak <\/a>inflicted pain on the trade-reliant economy.<\/p>\n<p>Economists polled by Reuters had expected a 37.4% shrinkage.<\/p>\n<p>On a year-on year basis, gross domestic product (GDP) plunged 12.6%, the Ministry of Trade and Industry said in a statement. Economists had forecast a 10.5% contraction.<\/p>\n<p><!--   section:business-news mainSection:business-news-->\n\t\t\t\t\t<\/div>\n<p><a href=\\\"https:\/\/www.hindustantimes.com\/business-news\/singapore-economy-shrinks-over-40-in-quarter-2-confirming-recession\/story-lB3EjKH5ggNGuy28lDGpjO.html\\\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Singapore\u2019s economy contracted 41.2% in the second quarter from the previous three months, entering a technical recession, preliminary data showed on Tuesday, as lockdown measures against the Covid-19 outbreak inflicted pain on the trade-reliant economy. Economists polled by Reuters had expected a 37.4% shrinkage. On a year-on year basis, gross [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5986,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[36],"tags":[],"class_list":["post-5985","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking-business"],"jetpack_featured_media_url":"https:\/\/bengalnewstimes.com\/wp-content\/uploads\/2020\/07\/coronavirus-outbreak-district-singapore-orchard-economy-shopping_71575260-c569-11ea-be81-f7b2e356804f.jpg","_links":{"self":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts\/5985","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5985"}],"version-history":[{"count":0,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts\/5985\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/media\/5986"}],"wp:attachment":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5985"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5985"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}