Wuhan virus: Why investors are not panicking
Unlike the anti-PAP cybernuts who rushed to hoard rice and instant noodles investors are not panicking Because We estimate that even in a scenario where the rate of new infections did not peak until the second quarter, the negative hit to global economic growth would be about 0.3 percentage points. That means the expansion would...
Why has M$ strengthened against S$?
Last week, the Singapore dollar fell below the RM3 mark for the first time in about a year after our said central bank said there was sufficient room for the Singapore currency to ease as the Wuhan virus hits the economy: S$ tanks as GDP forecasts slashed It’s now at M$2.98. Bit surprising that the M$ has strengthened against...
S$ tanks as GDP forecasts slashed
Because: China sneezes, S’pore in intensive care. As an example of the slashing of forecasts, MayBank lowered S’pore’s GDP forecast by 38%. MayBank’s highly respected local economist lowered his 2020 GDP growth forecast for S’pore from 1.8% to 1.1%. He said the virus outbreak and travel restrictions would hurt tourism...
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