Economy

Economy: IMF has cut its global growth forecast for the fourth time in a year to 3.2% from 3.4% for 2016, on the back of China's slowdown, low oil prices and chronic weakness in advanced economies.
- Also warned of widespread stagnation risk, with weaker growth leaving the global economy more vulnerable to shocks such as currency depreciation and worsening geopolitical conflicts.
- Called on global policymakers to take coordinated action to boost demand, as a persistent tepid growth environment has downward spiralling effects in output and investment.
- In Singapore, MAS will be releasing its monetary policy stance tomorrow (14 Apr) and the street sees the central bank staying put with no change to the slope and width of the SGD band.