Financial News

COVID-19 downturn to be more prolonged than past recessions, slow recovery for jobs market: MAS

SINGAPORE: The ongoing economic crisis caused by the COVID-19 pandemic is “deeper and likely to be more protracted” than past recessions, the Monetary Authority of Singapore (MAS) said on Wednesday (Oct 28). Some parts of the economy, especially those that are travel-related, may not return to pre …

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