“It would be prudent to anticipate several hundred thousand will eventually be sick and thousands will die. If SARS is a reasonable guide, the pandemic will likely continue through the first half of this year,” says Mark Zandi, chief economist at Moody’s Analytics in a recent report.
SINGAPORE (Feb 7): As of of Feb 5, 28 persons in Singapore have succumbed to the novel coronavirus which originated from Wuhan city in China. And the epidemic is expected to impact the city state’s economy and employment rate, says the government, which also singled out the transport and tourism sectors to be badly hit.
However, the government says it stands ready to provide targeted support to the sectors directly affected, including offering a package of measures for both companies and workers.
