Economics
Stimulus Can’t Stay Forever, MAS Head Warns Global Policy Makers
- Economies entering delicate period, Ravi Menon tells Bloomberg
- Debt accumulation a bigger threat if aid continues apace
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The global economic recovery from the pandemic is heading into a critical period as nations balance the need to prop up consumers and businesses against the threat of unmanageable debt, Singapore’s central bank chief said.
“The world is now entering a phase where the crisis is long, drawn-out, the peak of the crisis is behind us, but we’re not in full recovery,” Ravi Menon, managing director of the Monetary Authority of Singapore, told Bloomberg.