2017.01.1604:41:00UTC+00Singapore central bank signals adverse effect of trade disputes

Singapore's central bank flagged the likelihood of the global economy grappling with catastrophic effects should President-elect Donald Trump push ahead with implementing protectionist steps, which can lead to trade-related conflicts.

Monetary Authority of Singapore Managing Director Ravi Menon reiterated some of the possible measures, including the classification of key trade affiliates as currency manipulators and the refusal of a US-Pacific trade pact may result in retaliation actions.

But Menon said the result may not that distressing given the skepticism around the next US leader's regulations and backing for free trade remains firm among the American establishment.

Although there is positivity about a US fiscal lift and woes regarding a trade backlash, the MAS head noted there is still huge ambiguity as to the incoming actual policy changes.

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