SINGAPORE INDUSTRIAL PROPERTY MARKET UPDATE Q1 2020
Singapore’s economy looks headed for the worst-ever contraction and first full-year recession in about two decades amid mounting border controls and lockdowns around the world from the coronavirus pandemic. The grim outlook comes as the Ministry of Trade and Industry (MTI) on Thursday (March 26) slashed its 2020 growth forecast to a range of -4.0 to -1.0 %, from an earlier estimate of -0.5 % to 1.5 %.
