YANGON: The World Bank is maintaining a bleak outlook for Myanmar in the wake of last year’s military coup and the ongoing pandemic, according to its latest Myanmar economic monitor, released yesterday.
Gross domestic product (GDP) across the 21-country Asia Pacific Economic Cooperation (APEC) region shrank by 1.9 per cent in 2020, the group's Singapore-based secretariat has announced.
SINGAPORE, March 16 (Reuters): Singapore s total employment in 2020 shrank the most in more than two decades, according to official data on Tuesday, with foreigners jobs accounting for most of the decline in a labour market hit hard by the Covid-19 pandemic.
Total employment, excluding foreign domestic workers, contracted by 166,600 last year, the manpower ministry said.
Non-residents employment contracted by 181,500.
The overall annual average unemployment rate rose to 3.0%, the highest in a decade, but did not exceed levels recorded in past recessionary periods during the severe acute respiratory syndrome (SARS) in 2003 and the global financial crisis in 2009. Labour market conditions remain uncertain although we have started 2021 on a firmer footing than in 2020.