Debt build-up sets back hopes of recovery in H2: MAS chief

THE accumulation of debt – seen in emerging markets and around the world – is likely to be the "number-one aftermath" of the Covid-19 outbreak to be dealt with from as early as next year, with expectations of a recovery in the second half of this year set to be "severely tested", said Ravi Menon, managing director of the Monetary Authority of Singapore (MAS).