The World Economy – what caught my eye this week: Deep recessions in Singapore and the United Kingdom in the spring

Posted byEBECONPosted inAllgemein, Coronavirus, South Africa, World EconomyTags:, , , ,

Gross domestic product (GDP) in the United Kingdom fell by a record 20.4 percent in the second quarter of this year (more than in other advanced economies): https://www.ons.gov.uk/

The economic contraction in Singapore was deeper than first expected:

https://www.reuters.com/article/us-singapore-economy-gdp/singapore-warns-of-slow-recovery-as-virus-slams-asias-exporters-idUSKCN257007

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