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Singapore not expecting full-year recession at this point: DPM Heng Swee Keat

Deputy Prime Minister Heng Swee Keat said the government was not “expecting a full-year recession at this point”. His comment followed the release of the second quarter gross domestic product (GDP) estimates of 0.1 per cent growth on-year. It was also the lowest economic growth since the global financial crisis a decade ago. Ms Margaret Yang Yan, market analyst at CMC Markets Singapore, discussed more with CNA.

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