New wave of contagion impacts Singapore’s economy

The new contagion Covid-19 outbreak has a strong impact on the national economy, due to the strict measures that the authorities of the Asian country have been forced to take.

The new cases of Coronavirus have uncontrollably continued to rise; from having nearly 300 cases in March, Singapore went on to exceed 23 thousand infections this Monday, May 11.

This new wave of contagion is basically due to the crowding in workspaces despite the suggestions of national activists due to the lack of measures that led the increment in the number of contagions.

“We are particularly concerned that it is increasingly difficult to link new cases and identify the source of infection,” said the Ministry of Communication in its most recent speech.

This situation forces the authorities to make drastic decisions to contain the expansion of the Covid-19 and, consequently, the economy will suffer a severe fall.

90% of the cases registered in the country are linked to jobs and dormitories shared by a large number of nationals and foreigners.

Most of the new cases have been confirmed among the foreign population with work permits housed in areas for immigrants. Last week, the government announced that it would transfer foreign employees to vacant government military camps and apartments.

Employees in the tourism, food and beverage and transportation industries are at the highest risk line for the pandemic said Lee Quane, regional director for Asia at the human resources consultancy ECA International.

Quane affirmed that, the employees in most of these sectors are foreigners and regularly these positions are difficult to fill by locals, indicating that the greater the outbreak and cessation of operations in these sectors the more affected the economy will be in each of these areas.