Prognosis

New Outbreaks Prompt Return to Restrictions in Taiwan, Singapore

  • Taiwan reimposes limits on large gatherings amid cases
  • Singapore tightens borders, starts mass testing at hospitals
WATCH: A fast-spreading strain of Covid-19 first identified in India will be classified as a variant of concern by the WHO.Source: Bloomberg
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Taiwan announced limits on crowds, following Singapore’s move to restrict foreign workers, in a wave of new restrictions in Asian countries trying to stamp out small outbreaks after months of keeping Covid-19 contained.

The new curbs prompted fears that economic growth could stall out, leading to stock sell-offs in both countries this week. Low vaccination rates in both countries are contributing to concerns that their populations could be vulnerable if faster-spreading variants take hold.