Singapore economy rebounds from virus-induced recession

SINGAPORE, Singapore (AFP) — Singapore’s economy grew 7.2 percent last year, rebounding from its worst recession since independence sparked by the coronavirus pandemic, government data showed Monday. The city-state plunged into its worst economic performance in 2020 as businesses and international borders shut down, choking its trade and tourism economic lifeline. Authorities initially imposed tough measures to restrict movement and gatherings but later shifted to a policy of living with the virus as the majority […]