Singapore PM says recession possible due to coronavirus outbreak

Singapore PM says recession possible due to coronavirus outbreak
  • Clock-gray 13:11
  • calendar-gray 14 February 2020

 Singapore’s economy could enter a recession due to the blow from the coronavirus outbreak, its prime minister said, APA reports citing Reuters.

“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.

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