Singapore faces deeper-than-forecast recession as virus clouds global outlook - central bank
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SINGAPORE (Reuters) - A recession in Singapore's trade-reliant economy could be deeper than forecast as the protracted nature of the COVID-19 pandemic is likely to hamper a decisive rebound in global activity, the city-state's central bank said on Tuesday."There remains significant uncertainty over the severity of the downturn, as well as the eventual recovery," the Monetary Authority of Singapore (MAS) said in its semi-annual macroeconomic review. "The materialisation of downside risks .....