SINGAPORE (June 16): The second phase of the circuit breaker measures in Singapore will begin this Friday (June 19), the government announced on Monday evening.

The gradual return to normalcy will have ‘significant implications’ towards growth, and provide much-needed relief to many businesses, writes DBS senior economist Irvin Seah in a note dated June 16.

“Though economic conditions will remain challenging, the economy is bottoming out,” he says.

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