Zika to take some time to undermine Singapore’s growth potential, say analysts
The city-state could face plummeting birth rates.
While tourist arrivals have recovered from the Zika outbreak in Singapore, bouncing back to 12.5%, the effects of the mosquito-borne virus could take some time to manifest economically.
According to a report by Deutsche Bank, a drop in birth rates in Singapore is likely, given the risks that Zika bears to an unborn child.
The report said this could dampen domestic demand and hamper moves to boost population growth, which over time, could undermine Singapore’s growth potential.