The world has entered into an era of “profound uncertainty and fragility”, Tharman Shanmugaratnam, chairman of the Monetary Authority of Singapore, said today (March 9), as he urged investors to be guided by social returns.   

War, stagflation risk, the climate crisis, pandemic insecurity and uneven growth are “a perfect long storm”, Tharman told a conference. He explained it was a “long” storm because rather than a confluence of one-off factors, these are likely to be persistent structural