Singapore says China virus outbreak will hit its economy this year

Singapore said on Monday that the coronavirus outbreak will hurt its economy this year, as it announced new measures to tackle the disease which originated in China and has spread to the city-state and several other countries. The Southeast Asian travel and tourism hub, which recorded its lowest growth rate in a decade last year at 0.7%, has reported four cases of the coronavirus that has killed 80 people in China so far. "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," trade minister Chan Chun Sing said.

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