(MENAFN) Managing Director of the Monetary Authority of Singapore (MAS) confirmed that the future of global trade and economic integration remain the biggest unknown for 2017.
During the UBS Wealth Insights Conference, he said that US policy measures against free trade may well attract retaliatory measures, leading to trade conflicts with disastrous consequences to the global economy.
Also, he said: "Singapore will not be immune to the global tightening of financial conditions, volatility in capital flows, and potential stresses in the regional corporate sector."
However, Singapore is expected to continue a modest pace of expansion, with authorities forecasting a growth of 1-3% for this year.
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