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Report says Savings Bonds will hurt economy, but few agree
Published Wed, Jun 3, 2015 · 09:50 PM
Singapore
A BANK of America Merrill Lynch report argues that the Singapore government's upcoming Savings Bonds programme could be contractionary in a slowing economy, although most other houses hold a more benign view.
Bank of America Merrill Lynch economist Chua Hak Bin on Wednesday published a report on "unintended consequences" of Savings Bonds.
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