Singapore fights post COVID-19 crisis with eyes on Hong Kong

By Noel Caballero Bangkok, Jul 7 (efe-epa).- Singapore will to head to polls on Friday amid the forecast of its first recession in the last two decades, while it seeks to leverage the instability in Hong Kong to become the financial capital of Asia. With the aim of providing a greater stronghold to the next government, in terms of working toward the recovery of the economy following the impact of COVID-19, Prime Minister Lee Hsien Loong’s government on June 23 announced early elections which were earlier anticipated sometime before April 2021. According to the latest official data, the economy of the city this year will suffer a GDP contraction somewhere between 4 and...