The Business Times
SUBSCRIBERS

Wuhan virus could score a point - off Singapore's economic growth

Economists say fiscal firepower may be deployed to mitigate impact on affected sectors, but rule out easing of foreign labour curbs

Annabeth Leow
Published Thu, Jan 30, 2020 · 09:50 PM

Singapore

SINGAPORE'S economy, which is still in a fitful recovery from the trade war, could lose up to one percentage point of growth to the Wuhan virus, economic watchers are now warning.

"The economy is just beginning to show signs of stabilisation from the sharp slowdown last year," Nomura's chief Asean economist, Euben Paracuelles, told The Business Times in an e-mail. But now, "the recovery could be delayed or more subdued".

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Economy & Policy

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here