Southeast Asia’s economies not immune to coronavirus contagion – dpa international

JAKARTA — In the latest warning that coronavirus could stall economic growth across Asia, Singapore Prime Minister Lee Hsien Loong said on Friday that the city-state “could take a hit” with recession “possible” this year. Speaking during a visit to Singapore’s Changi Airport, Lee said the economic impact of the disease known as Covid-19 will likely top that of the Severe Acute Respiratory Syndrome (SARS). In 2003, the outbreak resulted in reduced commerce and travel across Asia and saw Singapore’s wealthy, trade-based economy shrink by 0.3 per cent during the second quarter. Lee warned on Friday that although Singapore was free of SARS within four months, the timetable for coronavirus “may not be so fast.”