The IMF has warned that the country's economy could shrink 6.8% in 2020, its steepest decline in more than 30 years.
With countries looking to reduce over-reliance on China due to Coronavirus pandemic and political tensions, Singapore is best positioned to be the next manufacturing hub
The country's tax department aims to make up for a portion of the revenues lost due to the pandemic from the newly imposed 10% VAT.
Household consumption that makes up around half of the nation's GDP, fell by 5.5% in the second quarter compared to last year, while investment was down 8.61%
HSBC has set aside up to $13 billion for bad loans as it believes more people and businesses will default in the second half.
The Federal Reserve Chair Jerome Powell on Wednesday acknowledged that there is a slowdown in the activity
The gross domestic product in the largest economy of Europe declined by 11.7 percent from April to June
The dollar index against six major currencies went from trading around at $100 to $93.713 in just two months.
Gold extended its record-breaking rally on Tuesday with the precious metal crossing $2,000 for the first time ever.
Huawei is now expecting revenues between $350 and $500 million in India for the fiscal year 2020 and plans to lay off 60-70% of its workforce in the country
The yellow metal has gained around 20 percent this year, making it one of the best performing major asset classes of 2020.
The global role of the dollar now seems more complicated given the geopolitical tensions between the US and China.
Treasurer Josh Frydenberg presents Australia's record-high budget deficit amid COVID-19 economic downturn
America is likely to be hit by a double-dip recession if the COVID-19 spread is not taken under control, experts say.
General government debt is expected to rise to 160 percent of GDP by 2030 even without further rounds of fiscal stimulus.