Covid-19 presents opportunity to reset economies: DBS chief

Singapore

COVID-19 has hit the reset button on world economies, and governments should look to firm up "exit plans" from their current consumption-focused stimulus packages, said DBS chief Piyush Gupta.

Nobody knows the full extent of the economic damage dealt by the pandemic, although many are bracing themselves for the worst collapse of global gross domestic product (GDP) since the Great Depression.