Sunday , July 5 2020

Singapore growth to remain weak amid global risks: IMF


Singapore’s economic growth will likely remain weak, weighed down by subdued global demand and a downturn in the electronics cycle, according to the International Monetary Fund (IMF).
Across the region, uncertainty about US-China trade tensions and oil prices remain the biggest risks, Jonathan Ostry, deputy director of the Asia Pacific department, said at a joint conference hosted by the IMF and the Monetary Authority of Singapore. The IMF lowered Singapore’s growth forecast for this year to 0.5% and estimates expansion of 1% in 2020.
Asian policy makers have pragmatically come up with instruments, frameworks to deal with foreign exchange and capital flow volatility.

About Admin

Check Also

Rental e-scooters to be made legal in UK

Bloomberg Rental e-scooters will become legal on UK roads from July 4 after the government ...

Leave a Reply

Your email address will not be published. Required fields are marked *