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Threat of Recession Looms over Singapore

Singapore’s manufacturing and trade will probably be hit as it will be affected by the economic disruption in China due to the outbreak coronavirus.

By
TIM KOMPAS
· 4 minutes read
https://cdn-assetd.kompas.id/R5ys0ZmKjdON6GwefKQ4Px0PnLg=/1024x576/filters:watermark(https://cdn-content.kompas.id/umum/kompas_main_logo.png,-16p,-13p,0)/https%3A%2F%2Fkompas.id%2Fwp-content%2Fuploads%2F2020%2F02%2FKarantina-dan-Observasi-Virus-Korona-di-Natuna_87296241_1581698754.jpg
KOMPAS/WAWAN H PRABOWO

Indonesian citizens who undergo quarantine and observation related to the outbreak of the coronavirus conduct a morning exercise at the Raden Sadjad Ranai Airport Hangar, Natuna regency, Riau Islands, Friday (14/2/2020). During the observation period, which lasts 14 days ending on Saturday (15/2/2020), the citizens were reported as in good health. Along with the completion of the observation period, they will later be flown from Natuna to Jakarta to return to their respective homes.

SINGAPORE, FRIDAY – Singapore’s economy may go into recession following the ongoing new coronavirus outbreak, which has hit many sectors of the tiny city-state’s economy, including tourism and manufacturing.

“The impact will be significant at least in the next couple of quarters,” Singaporean Prime Minister Lee Hsien Loong said in an interview uploaded to his official Facebook account.

Editor:
Syahnan Rangkuti
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