Economic Impact of Sars on the Singapore Economy

Topic: affect of Severe Acute Respiratory Syndrome (severe acute respiratory syndrome) on the economy of Singapore. TABLE OF CONTENTS 1.Introduction to SARS summon 3 2. intrusion on Export and Local habitPage 4 3.Impact on Employment and Wages Page 8 4.Impact on Government Expenditure Page 10 5.Impact on the flagrant Domestic Product (GDP)Page 11 6.Conclusion.Page 14 7. ReferencesPage 15 Introduction to SARS Severe Acute Respiratory Syndrome (SARS) first surfaced in Guangzhou, China, in November of 2002 and quickly spread throughout China, Asia and eventually to nearly parts of the world because of its transmission through close collision with anyone who has SARS. Studies concluded that it was transmitted to humans via the civet cat, which is eaten by the inhabitants in the Guangdong province of China, where Guangzhou is the state capital. By the time the epidemic was over, 8096 were inflicted with the disease, resulting in a total 774 deaths; of which 39 were from Singapore (www.who.int). SARS modify the economies of many countries, especially in Asia.

In the attached article, it mentioned that economies exchangeable Singapore and Hong Kong were about vulnerable as they ar most dependent on tourism and business travelers amongst the alter countries. In addition, consumption is affected as mentioned by Jan Lambregts, Head of Asia Pacific Research at Rabobank, the domestic component where people result go out less and spend less and that amounts to a pretty severe economic impact. SARS also affected employment. Singapores Manpower Minister Mr Lee Boon Yang said, I would expect employment creation will be unenviable hit. If you look at the industries such as airlines, hotels, retail, food and beverages, they are all going to be hit. In this assignment, using theories in macroeconomics, I will analyze in detail how SARS affected Singapores economy. Impact on Export and Consumption: The biggest impact on... If you want to get a full essay, army it on our website: Orderessay

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