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Media Note: Containing the economic fallout of the Covid-19

26 Feb Media Note: Containing the economic fallout of the Covid-19

Singapore, Wednesday, 26 February 2020 – “No one knows how long and how bad the Covid-19 outbreak will be. The first efforts from governments to shore up the economy are beginning and further measures may be needed if the outbreak is prolonged. Governments should come to a common understanding and coordinate better to prevent this health crisis from becoming a global economic one.” – Associate Professor Simon Tay, Chairman of the Singapore Institute of International Affairs

With the number of infections increasing daily, the Covid-19 situation is unravelling. As many are focused on the health implications, the world needs to turn its attention to the economic impact and relations the virus has.

Associate Professor Simon Tay, Chairman of the Singapore Institute of International Affairs (SIIA), is able to comment on the economic impact Covid-19 would have on the global community, in particular ASEAN.

The SIIA is a leading independent think tank based in Singapore which is part of the network of “track-2” think tanks in the region. Associate Professor Tay is concurrently a tenured Associate Professor at the Faculty of Law, National University of Singapore. He has written and advised extensively on ASEAN, and on its relations with major powers including China.


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Established in 1962, the Singapore Institute of International Affairs (SIIA) is a non-profit and independent think tank committed to producing policy analysis, fostering in-depth dialogues and bridging gaps between policymakers, private sector decision-makers and experts to shape public policy and social responses. Centred around ASEAN focused themes, the institute aims to deliver policy analysis in international affairs and on issues driving environmental sustainability. The SIIA has been consistently ranked as one of the leading think tanks in Southeast Asia and the Pacific, in the Global Go-To Think Tank Index by the University of Pennsylvania. Since 2017, the SIIA was ranked the No. 1 independent think tank in Asia. It was also recognised as one of the top 50 think tanks globally, excluding the United States of America. In 2019, it was recognised as the No. 1 think tank in South, Southeast Asia and Pacific (excluding India).