Ratings Agencies – Beyond Repair
*A Market With Little Discipline: Too many market participants have very little discipline, and to make matters worse, central banks have been all...
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2Q 2020 Advance Estimate Will Be Revised Up, Just as 1Q Was; Recovery Ahead
The Advance Estimate of 1Q 2020 real GDP suggested a contraction of -2.2% YoY, but this has since been revised up to -0.3% YoY, after manufacturing...
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Singapore's Twin Surpluses: How Much Is Too Much?
Singapore is the only country in the world to have run a current account surplus exceeding 11% of GDP consistently for each of the past 26 years;...
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A Real Electoral Contest in Singapore, Albeit Limited by Lack of Physical Campaigning
Although the absence of physical rallies will hurt the Opposition's chances, easing the CPF rules (including paying higher interest rates on CPF)...
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Manufacturing Surge Is Tempering the Magnitude of Recession
We are revising up our forecast of Singapore's real GDP growth in 2020, to +1.5% (from -1% previously) because of the remarkable resilience of...
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