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MAS sees 'highly uncertain' global outlook ahead amid Covid-19 crisis

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MAS expects the global economy to grow by 3.5 per cent in the second half of this year, following an estimated contraction of 5.5 per cent in the first half.

THERE is "substantial uncertainty" over the global economic outlook amid the Covid-19 crisis, said Monetary Authority of Singapore's (MAS) managing director Ravi Menon on Thursday.

Speaking to the media at the release of MAS's annual report, he said: "We are now in the midst of an...

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