Singapore PM says recession possible due to coronavirus outbreak: Straits Times

FILE PHOTO: Singapore's Prime Minister Lee Hsien Loong arrives to attend a plenary session at a regional summit in Bangkok, Thailand November 2, 2019. REUTERS/Athit Perawongmetha/File Photo

SINGAPORE - Singapore’s economy could enter a recession due to the blow from the coronavirus outbreak, its prime minister said in comments reported by the Straits Times newspaper on Friday. “I can’t say whether we will have a recession or not. It’s possible, but definitely our economy will take a hit,” Lee Hsien Loong said.

“It’s already much more than SARS,” he added, referring to the economic impact of the 2003 Severe Acute Respiratory Syndrome outbreak that killed over 30 in the city-state and nearly 800 worldwide. The Asian business hub had just been showing signs of recovery from its lowest growth rate in a decade last year - a paltry 0.7% - when the outbreak spread to the city-state in late January.

Probably not

58 cases and still counting in this lion island nation.

my mother is a woman.

Your father was and now you are racist Chinese man. You secretly act against minorities - Malay and Tamil. Thanks for support 😊

Let's make sure people stop dying en masse first and worry about investors later. This is genuinely crass.

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