Analysis
Virus may push Asian region into recession
Coronavirus is likely to affect the economies of Asian nations, while sending tremors of a likely recession into Singapore, a report shows.
Wang Liwei, Zhang Yu and Tang Ziyi
Analysts are revising down their expectations for growth this year as the impact of the new coronavirus outbreak in China sends tremors through tourism, trade and other economic activity across Asia and the world.
The ASEAN+3 Macroeconomic Research Office (AMRO), a Singapore-based research firm that advises members of the Asian regional bloc, UBS AG and S&P Global Ratings are among those estimating economic growth will be hurt as the Covid-19 coronavirus spreads.
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