MAS triples yearly profit, but warns growth may fall
Singaporean central bank says US-China tensions may cut GDP growth
The Monetary Authority of Singapore may cut its 2019 economic growth forecast if US-China trade tensions continue, said managing director Ravi Menon.
The MAS also announced its yearly net profit was triple the previous year’s level, largely due to very high returns on its investments.
“Growth in the first half of the year is looking to be quite weak, particularly in the trade-related sectors,” Menon said on Thursday (June 27) after the MAS released its latest Annual Report.
“Currently, the
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