The Monetary Authority of Singapore addressed the bleak outlook for the economy against the pressures of the COVID-19 pandemic and extended circuit breaker measures, warning that the contraction could be worse than previously estimated. Authorities also cautioned of deflationary pressures and significant job losses. OCBC Chief Economist Selena Ling joined us after the MAS' statement to talk about how bad things could get.

<p>The Monetary Authority of Singapore addressed the bleak outlook for the economy against the pressures of the COVID-19 pandemic and extended circuit breaker measures, warning that the contraction could be worse than previously estimated. Authorities also cautioned of deflationary pressures and significant job losses. OCBC Chief Economist Selena Ling joined us after the MAS' statement to talk about how bad things could get.</p>

Advertisement