Singapore says China virus outbreak will hit its economy this year | Malay Mail

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SINGAPORE, Jan 27 ― Singapore said today that the coronavirus outbreak will hurt its economy this year, as it announced new measures to tackle the disease which originated in China and has spread to the city-state and several other countries. The Southeast Asian travel and tourism hub, which...

Tourists take photos by the Merlion in Singapore. Singapore is currently forecasting growth in a wide range of 0.5-2.5 per cent this year. — Reuters pic

The Southeast Asian travel and tourism hub, which recorded its lowest growth rate in a decade last year at 0.7 per cent, has reported four cases of the coronavirus that has killed 80 people in China so far. The government is considering support measures for hard-hit sectors like tourism which could include property tax, rebates and worker levy cuts, he added.

The taskforce also announced a raft of new measures on Monday to halt the spread of the virus, including urging all school students and staff with a recent travel history to China to stay at home for a fortnight. Families in Singapore, many of which are ethnically Chinese and have relatives in mainland China, are currently travelling for Lunar New Year holidays.

 

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