Singapore faces most severe downturn since independence – Menon

Ravi Menon
Ravi Menon
Institute of Policy Studies

The Singapore economy is experiencing its most severe downturn since independence, after contracting 6.5% in the first half of 2020, said Ravi Menon, managing director of the Monetary Authority of Singapore.

The contraction is the first decline for the city state since the global financial crisis in 2008, the MAS said in its annual report on Thursday.

The recovery from the Covid-19 pandemic will be slow and uneven, as the world faces renewed outbreaks of infection, Menon said on July 16

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: