![]() The funds mentioned are Singapore-authorised funds and approved for sale or purchase in Singapore. ![]() The information on this website is intended solely for use by Singapore residents. This reflects caution about taking on debt following the last global recession but primarily it is because monetary policy can do little to reduce the drag from global economic and political uncertainty. cutting interest rates) and stronger economic activity. However, we expect there to be a longer-than-normal lag between policy easing (i.e. Both will provide some offset to weaker activity with interest rates falling and governments looking to cut taxes and raise spending. We are not ignoring the effects of potential changes in monetary and fiscal policy (government tax and spending). Our latest forecast reflects this, with the additional challenge of a more protracted trade war behind the downgrade to growth. Keeping the wobbly bike on the roadĪt the time of our last forecast we described the world economy as a "wobbly bike": fragile and easily knocked over by a bump in the road. those in which inflation is higher, but growth is lower) are the most likely. Overall we see the balance of probabilities as being skewed toward weaker growth than our baseline forecast. ![]() We believe the "Global recession" scenario is the likeliest risk, followed by "Global trade war".
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |