Top Stories

Singapore retail sales to stay weak after easing of coronavirus lockdown

0


Singapore on Friday eased restrictions further and reopened pockets of the economy that were suspended due to coronavirus — but retailers are not hopeful the move would do much to lift their already struggling businesses, according to an industry association.

The Southeast Asian economy has been badly hit as measures — both overseas and domestically — aimed at containing the spread of the virus halted much of global economic activity. Singapore’s economy is expected to shrink by between 4% and 7% this year, according to the official forecast.   

“Retailers are definitely facing significant financial stress during this period. Whether big or small, they’re actually finding it…



Source cnbc.com

Wirecard shares plummet as payments firm postpones annual report

Previous article

4 car tasks to do before heading out on a road trip

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Top Stories