Wednesday, March 9, 2011

The SARS outbreak.

Dear darling wife,
i wonder how long can i sustain here. Recently Singapore have been facing a few health issues as you might have known-H1N1.This reminds me of the time( a couple of years back)around 30th March 2003,the SARS outbreak.The outbreak of the severe acute respiratory syndrome(SARS)which created public anxiety and took a heavy toll on business and economic growth.Companies and Industries which are inter-linked with one another.Although the outbreak of SARS was solved due to its national effort,Singapore is trying its very best to avoid the transmission of any viruses as it does not want its status of global economic growth to face a drastic decrease. Although Singapore has made lots of progress since the SARS(from 2003 to 2011),the investor confidence that we have gained over the years is not expected to be guard down.Many safety measures are being takenfor the locals,foreign workers and even permanent residents in Singapore.
The consumer confidence caused being dramatically declined in a couple of economies,which then eventually led to a significant reduction in a private consumption spending was one thing which feared all of us.Investments were greatly affected due to the decrease in overall demand -due to the increase in risks.The increased government spending also mitigated the impact.This then caused the ability of governments to revive economies widespread reductions in private spending was also limited.I really hope that all these impacts does not occur ever again.

Posted by Yeeling,Peggy,Hui Fen,Sri Vidya at 7:44 PM