He listed the severity of the downturn, inflation’s trajectory in the medium term, impact of geopolitics on markets and climate risk on portfolios as the main risks to the global outlook.
Singapore, like many economies worldwide, is grappling with inflation that’s yet to peak and a tight labour market that still is creating headaches for businesses short on workers as they emerge from the pandemic. The MAS, which has already tightened four times in the past year including two surprise moves, is expected to tighten again next month to slow price growth by the year-end from the current 7% level.
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