“Growth risks are skewed to the downside,” caution Morgan Stanley analysts. “The spread of Covid-19 to other geographies means we now expect a global recession in 2020.”
SINGAPORE (Mar 24): As the global economy tips closer to a recession amid the Covid-19 pandemic, Singapore is not likely to be spared.
Analysts at Morgan Stanley have issued a dire warning for the small and open city-state: A full-year GDP contraction is in the pipeline for the first time since 2001.
