The impact of the Covid-19 pandemic on Singapore’s economy is very significant.
During the pandemic, thousands of workers lost their jobs and bankruptcy became a norm in Singapore.
Within the first quarter of 2020, the economy of Singapore contracted by 2.2% year-on-year, which is obviously the worst economic contraction in Singapore since the year 2009 global financial crisis.https://sohawrites.com/striking-off-or-liquidation-a-complete-guide-on-business-cessation-in-singapore/