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Wuhan coronavirus could be worse for economy than SARS, Singapore among most vulnerable: Nomura

Stanislaus Jude Chan
Stanislaus Jude Chan • 3 min read
Wuhan coronavirus could be worse for economy than SARS, Singapore among most vulnerable: Nomura
“The worst is yet to come,” Nomura says.
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SINGAPORE (Jan 29): The deadly conoravirus that has infected thousands and killed dozens so far may hit the Chinese economy harder than the spread of SARS in 2003, according to research analysts from Nomura Global Market Research.

And Singapore is among the countries expected to be hit the hardest from the negative spillover effects of the outbreak, the financial services group says.

The SARS-like virus, which originated from Wuhan in central China, has seen the number of confirmed cases in China soar to 5,974 – overtaking the country’s official count of SARS patients. The death toll from the coronavirus has jumped to 132.

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