The MAS maintained its GDP forecast in the range of -4% to -7% for 2020, keeping Singapore on track for its biggest slump.
SINGAPORE: Singapore's financial system remains robust and resilient even as the economy suffers its most severe downturn due to the coronavirus pandemic, central bank chief Ravi Menon said on Thursday.
The trade-reliant economy plunged into recession in the second quarter after contracting by a record 41.2%, data showed this week.
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