SINGAPORE (May 12): Although the Singapore government has begun easing some restrictions, Morgan Stanley has cautioned that the republic could be among the last to recover to pre-Covid-19 gross domestic product (GDP) levels.

While China will arguably lead the pack with a recovery by the third quarter of 2020 (3Q20), economist Deyi Tan said export-oriented economies such as Singapore, Thailand and Malaysia are likely to take until 1Q21 to recover.

"This group is some of the most export-oriented in Asia ex-Japan (AxJ). Some have also implemented lockdowns, leading to a double hit on exports and domestic demand. We think this group will likely take longer to recover, possibly by ... (click on link for full story on theedgesingapore.com).