Categories: Market Overview

Singapore must prepare for a continued rise in coronavirus cases, minister says

Singapore must be prepared for the number of people in the country infected with the new coronavirus disease — formally named COVID-19 — to continue to climb in the coming weeks, a minister said on Friday. As of Thursday noon, Singapore had 58 confirmed cases of COVID-19, 15 of which have recovered and been discharged, according to the country’s Ministry of Health. The Southeast Asian nation with a population of 5.7 million has one of the highest numbers of cases outside China.

Singapore has not recorded any deaths, but that too is something people must be “psychologically prepared” for as the number of cases continues to rise, said Janil Puthucheary, senior minister of state at Singapore’s Ministry of Transport and Ministry of Communications and Information.

“The issue is really whether these are going to be cases that are linked to the existing spread, existing cluster, links to China or whether we have an increasing number of cases that are unlinked community spread … At the moment, most of the cases can be linked back to known clusters,” he added.

Singapore, as an open economy, is one of the most vulnerable countries to reduced economic activity in China. The world’s second-largest economy is Singapore’s biggest export market and largest source of international tourists.

Singapore must prepare for a continued rise in coronavirus cases, minister says, CNBC, Feb 14
The FxPro News Team

This team of professional journalists announces the most interesting and influential articles from the major financial media as a brief summary. All such news may have sufficient potential to affect the course of trading assets.

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