Singapore’s Economic Rebound Not Likely ‘Vibrant,’ PM Lee Says

Singapore’s economy is unlikely to pick up in a “very vibrant sort of way very soon” as key export markets in Europe and the U.S. face renewed coronavirus outbreaks, Prime Minister Lee Hsien Loong said. While many sectors have shown improvement since lockdown measures were relaxed, some such as aviation, transport and tourism are likely […]

Egypt’s GDP grows despite pandemic, but so does poverty

Cairo: Despite the pandemic and tourism collapse, Egypt is projecting healthy economic growth this year, even as one third of the Arab world’s most populous country remains mired in poverty. Critics question, however, how much of the GDP growth is driven by ostentatious mega-projects, such as a new administrative capital being built in the desert, […]