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
Add BT as a preferred source
Annabeth Leow
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".
TRENDING NOW
CapitaLand Investment to restructure portfolio, recycle up to S$9 billion
Genting Singapore H1 profit falls 33.5% to S$156.1 million despite stable revenue
MSCI drops S-E Asian heavyweights Sembcorp, GoTo and Ayala Land from global benchmarks
DBS names new heads for Hong Kong, Taiwan and Indonesia markets
