Corona Outbreak May Put Singapore Into Recession

Summary

The coronavirus (Covid-19) outbreak is causing the Singapore government to cut its economic growth forecast this year to the range of -0.5 to 1.5 percent from previously 0.5 to 2.5 percent.

This outlook cut also adds to the series of regional sentiments that became the attention of the Finance Minister Sri Mulyani on the prospects of the Indonesian economy and state budget throughout 2020.

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