Singapore cuts growth outlook as virus poses recession risk


SINGAPORE: Singapore on Monday cut its 2020 growth and exports forecasts due to an expected economic blow from the new coronavirus outbreak, flagging the chance of a recession this year.

The South-East Asian city-state has reported 75 cases of the virus to date, one of the highest tallies outside China where it has claimed over 1,700 lives.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Singapore , covid-19

   

Next In Business News

US weekly jobless claims fall slightly
Keyfield issues maiden RM200mil sukuk wakalah
Electricity tariff to rise by 14%�from�July�2025
Ringgit strengthens against US dollar as rising oil prices lift sentiment
MYMBN faces temporary suspension of bird’s nest exports to China
TNB shortlisted to develop 500MW solar plant in Kedah under LSS5
CCK Consolidated declares special dividend of 5.0 sen
Santa Claus rally extends on Bursa Malaysia
Alibaba, E-Mart to create US$4bil e-commerce JV in Korea
Oil prices inch up on hopes for more China stimulus

Others Also Read