“Labour markets in the advanced economies are beginning to weaken, while export growth in Asia is slowing following the implementation and some escalation of tariffs since August,” says MAS.
A “more discernible slowdown” is expected ahead, says the Monetary Authority of Singapore (MAS) in its October macroeconomic review.
Despite a pick up in global economic activity in the second quarter due to front-loading in trade, artificial intelligence (AI)-related investments and “generally accommodative” financial conditions, the central bank is seeing some “early signs of softening” emerging
