Edward Robinson, Dy MD (Economic Policy) of Singapore’s MAS, has presented four major discussion topics on emerging issues on the global economy, which he raised during the 9th Asian Monetary Policy Forum held on the 27th May 2022 in Singapore.

They are as follow:

  1. The complex nature of economic shocks today such as the covid-19 pandemic and the Ukraine-Russia geopolitical crisis have unravelled our fragile earlier understanding about crisis and appropriate responses and our poor inter-jurisdiction coordination efforts
  2. The need to have appropriate policy response, each unique to their own crisis is all the more important today, and that includes the coordination across different policy instruments in the face of multiple type of shocks at play
  3. The need to have latest update on labor market condition as they could interact with the various crisis at play resulting in either tighter market/inflationary environment or worse in high unemployment
  4. The interaction between recent global shocks and the preceding structural trends. This is especially so between recent technology/digital advancement and the in-efficient labor market. The workers displacement and the advancement of AI and Automation is real.

Looking at the above pointers and ahead, it is quite real and there is indeed tremendous amount of work piling up for the central bankers, economists and policy makers to ponder and work on.

escveritasBanking & FinanceGlobalbanks,central,covid 19,economic,macro,mas,SingaporeEdward Robinson, Dy MD (Economic Policy) of Singapore's MAS, has presented four major discussion topics on emerging issues on the global economy, which he raised during the 9th Asian Monetary Policy Forum held on the 27th May 2022 in Singapore. They are as follow: The complex nature of economic shocks...Your Industries Online