Apart from Covid-19 worries, Song adds that there are the added risk of geo-politics that could affect the recovery of the economy, including US-China relations, and EU-China relations.
SINGAPORE (June 22): While the easing of circuit breaker measures has seen a pent-up demand in macro indicators such as retail sales, industrial production, and other industries, CIMB Private Banking economist Song Seng Wun says the loosening of restrictions is also sparking a second wave of infections in some countries.
“These stats are a reminder that the COVID-19 virus is far from being defeated,” says Song.
