Since the outbreak of COVID-19 in December 2019, the disease has spread quickly across the globe. It is not known when this virus will cease to be a threat. Governments in all countries are trying their best to control the spread of this coronavirus. They have, therefore, put numerous public health measures in place. For example, the closure of borders, curfews, and lockdowns reduce social contact and the spread of the virus.
Due to these measures, a lot of economic disruptions have occurred in Singapore just like in many other countries around the globe. Economists explain that this economic shock in the Lion City will last for a long time, probably the whole of this year. The following are some economic effects of the pandemic in Singapore.
