Singapore is a “very open” economy and must prepare for the worst from the coronavirus outbreak that’s threatening global public health-care systems, financial markets and economies around the world, said the country’s Deputy Prime Minister Heng Swee Keat.
“The Singapore economy is very open and connected. We’re a very major business and financial hub, closely integrated with the global economy so this is a serious crisis,” Heng, who’s also Singapore’s finance minister, told CNBC’s “Squawk Box Asia” on Monday.
“It is a crisis on three fronts: The public heath-care front, the financial front and the economic front. And these are interacting in unpredictable ways,” he added.
The Southeast Asian country was one of the earliest outside China to report cases of the disease, which has been named…