Economy

IMF cuts Asia's growth forecast, warns of supply chain risks

TOKYO (REUTERS) – The International Monetary Fund (IMF) on Tuesday (Oct 19) slashed this year’s economic growth forecast for Asia and warned that a fresh wave of Covid-19 infections, supply chain disruptions and inflation pressures pose downside risks to the outlook. China’s economy will grow by 8 per cent this year and 5.6 per cent […]

Economy

S'pore can seize opportunities in increasingly digital, green and borderless world: Gan Kim Yong

SINGAPORE – The Republic stands to gain from the new opportunities offered by the worldwide shifts caused or accelerated by the coronavirus pandemic, said Minister for Trade and Industry Gan Kim Yong on Friday (Aug 27). The opportunities lie in global trends such as the increased focus on digitalisation, connectivity and innovation; the fast-growing green economy; […]