“Down But Not Out: Resilience in a Post-COVID World” – Keynote Speech by Mr Ravi Menon, Managing Director, MAS, at Singapore Maritime Lecture, on 2 September 2020

Good afternoon to everyone tuning in from Asia, and good morning to the rest watching from across the globe.

Let me thank the Maritime and Port Authority (MPA) for the opportunity to deliver this Singapore Maritime Lecture virtually.

The global economy is facing its worst crisis since the Second World War. The IMF has forecast that the global economy will shrink by 4.9% this year. According to the WTO, global merchandise trade volumes contracted by an estimated 14% in the first half of 2020. And the recovery will not be spectacular – even in its more optimistic scenario, […]

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