SINGAPORE - Business sentiment for the next six months at Singapore's small and medium-sized enterprises plunged to its lowest amid the Covid-19-induced uncertainty over prospects of global growth and economic activity.
"Uncertainties stemming from the Covid-19 outbreak and restrictions to slow the virus' spread have depressed overall expectations of Singapore's SMEs for the next six months," said the Singapore Business Federation in a statement on Monday . However, SMEs in retail, food and beverage appeared to be less pessimistic, encouraged by the reopening of physical stores and eateries.
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