Economics
Singapore Central Banker Strikes Upbeat Tone Amid Trade Risk
- Global economy is resilient with no major collapses: Menon
- Not everything is ‘hunky dory,’ trade war is a concern
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Global economic risks may have risen but there’s no need to overreact just yet, said Singapore’s central bank chief Ravi Menon.
“Dark clouds are an appropriate phrase but it’s not raining yet,” Menon, managing director at the Monetary Authority of Singapore, said in an interview on Bloomberg Television on Tuesday. “I don’t want to paint too glossy a picture on it but I don’t think we should overreact.”