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Singapore GDP dives 41.2%


Singapore
Singapore’s trade-reliant economy plunged into recession in the second quarter with a record contraction, signaling a rough first half globally and an equally challenging outlook as the coronavirus crisis exacts a heavy toll on business and demand.
 
 
 
 
 
 

 
 
 
African Development Bank
 
The African Development Bank slashed its forecast for economic growth on the continent because of the impact of the coronavirus and now sees gross domestic product contracting by at least 1.7% this year, and double that if the pandemic continues into the second half of 2020.
 
 
U.S. street
 
U.S. job openings unexpectedly increased in May as state economies stirred to life and businesses looked to hire anew.
 
 

 
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