Here in Singapore, first-quarter GDP decline was revised to a narrower 0.7 percent, from an earlier flash estimate of 2.2 per cent contraction. Yet, GDP is projected to shrink by between 7 percent and 4 percent this year. And later today Deputy Prime Minister and Finance Minister Heng Swee Keat will table the Fortitude Budget. What can we expect? Vishnu Varathan, Head, Economics & Strategy, Mizuho Bank gives his analysis. 

<p>Here in Singapore, first-quarter GDP decline was revised to a narrower 0.7 percent, from an earlier flash estimate of 2.2 per cent contraction. Yet, GDP is projected to shrink by between 7 percent and 4 percent this year. And later today Deputy Prime Minister and Finance Minister Heng Swee Keat will table the Fortitude Budget. What can we expect? <strong>Vishnu Varathan, Head, Economics &amp; Strategy, Mizuho Bank&nbsp;</strong>gives his analysis.&nbsp;</p>

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