Singapore now ranks the second for most cases of COVID-19 outside of China that is if you exclude the cruise ship. The impact of COVID-19 already exceeded the economic impact of SARS and the prospects of recession is quite possible.
A lot has happened since the first post I had written on the COVID-19 outbreak. As more deaths are reported each day, one wonders to what extend has the impact of the virus be on the global economy.
Outbreak Summary
Source: Dashboard from Johns Hopkins University Center for Systems Science EngineeringTotal confirmed cases worldwide is 67,188 with a total of 1,527 deaths and 8,580 recoveries.
Economic Impact Retail, Tourism and Air Travel SectorsThe most obvious impact is on the retail,
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