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Home / Capital / Singapore Economy

CGS-CIMB projects recovery in 2H20 on recovering sectors and government help; forecasts -4.9% for 2020 GDP

Singapore economy

CGS-CIMB projects recovery in 2H20 on recovering sectors and government help; forecasts -4.9% for 2020 GDP

Felicia Tan Published on Wed, Aug 19, 2020 / 10:36 AM GMT+8

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The year 2020 is a “watershed year”, according to CGS-CIMB analyst Lim Siew Khee, who estimated an average decline of 32% y-o-y for companies’ earnings per share (EPS) across the board following their 1H20 results.

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