2021 to bring more corporate distress
Fiscal support to continue into 2021, but comes with a tricky balancing act: to taper, target, and pivot
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.
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