Australia s latest 2Q20 GDP report strongly contracted. Singapore continues to lower its forecast The Australian Bureau of Statistics reported a 7% contraction in 2Q20 GDP than expected of 5.9% and up from a 0.3% contraction of 1Q20 while Singapore downgraded its 2020 GDP forecast which is the third time. Recently, it is expected that 2020 GDP will shrink 6%. GDP in 3Q20 and 4Q20 will shrink 7.6% and 3.7% respectively, before recovering in 2021 at 5.5%.【อ่านข้อความเต็ม】