SOLUTION: Effects of COVID on GDP At the beginning of the year, are describing a scenario for GDP growth in 2020. 1. Project the number of people in Singapore that will be infected by COVID-19 and how much GDP growth will be affected. 2. Build 3 possibilities (worse, base, best) for GDP growth in 2020, in each case varying the assumption of how much GDP growth will respond to the number of people infected

Effects of COVID on GDP

At the beginning of the year, are describing a scenario for GDP growth in 2020.

1. Project the number of people in Singapore that will be infected by COVID-19 and how much GDP growth will be affected.

2. Build 3 possibilities (worse, base, best) for GDP growth in 2020, in each case varying the assumption of how much GDP growth will respond to the number of people infected