Singapore plans biggest budget deficit in years to meet virus threat

SINGAPORE (Reuters) - Singapore on Tuesday announced around $4.5 billion(£3.5 billion) in financial packages to help contain the coronavirus outbreak in the city-state and weather its economic impact, paving the way for its biggest budget deficit in at least 15 years.The wealthy city-state, one of the countries outside China hit hardest by the virus, has already cut its economic growth outlook this year and flagged the possibility of entering recession. As the island nation prepares to hold an..