Singapore braces for economic impact from spread of Wuhan virus

Singapore

THE Singapore economy will likely be hit by the spread of the Wuhan virus, especially the tourism-related sectors, Minister for Trade and Industry Chan Chun Sing said on Monday morning.

"We certainly expect there to be an impact on our economy, business and consumer confidence this year, especially as the situation is expected to persist for some time. Of immediate concern would be the tourism-related sectors - this includes our travel agents, hospitality industry, F&B, retail and air transport," he said.