![R. Hirschmann](https://cdn.statcdn.com/static/../CMS/contactperson/ERI1956_1592297316.png)
Perceived economic impact of the COVID-19 outbreak Singapore 2020
As of February 2020, 73 percent of Singaporean respondents believed that the national economy would be greatly impacted by the COVID-19 outbreak. In the first quarter of 2020, the Singapore economy shrank by 0.6 percent due to the impact of the virus outbreak.