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2021 to bring more corporate distress

Fiscal support to continue into 2021, but comes with a tricky balancing act: to taper, target, and pivot

Published Tue, Dec 1, 2020 · 09:50 PM

Singapore

THERE is more corporate distress ahead next year as private markets will draw a clearer line between enterprises that will survive, and those who are due to downsize or disappear in the midst of a pandemic-fuelled crisis.

It is unclear if the bulk of such creative destruction will come through in 2021, said managing director of the Monetary Authority of Singapore Ravi Menon.

But the impact will reflect structural changes to several industries.

"There are structural changes that a…

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