Impact of COVID-19 outbreak on construction sector contraction Singapore 2020

Singapore's construction sector was expected to contract by 10.3 percent in 2020, as a result of the COVID-19 pandemic. The buildings construction sector was forecasted to contract by 11.5 percent in that year. The decrease in foreign direct investments due to a weakened global economy and business sentiment has especially affected this sector.

新加坡建筑业预计在2020年将萎缩10.3%，此现象主要归因于COVID-19疫情的冲击。建筑行业预计将萎缩11.5%。受全球经济疲软及商业氛围减弱影响，外国直接投资的大幅减少对该行业的影响尤为显著。