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Business confidence, loan demand still mixed amid uneven Covid-19 recovery
MAS data shows total business loans in Singapore near flat at S$427.69 billion in April after four straight months of steady growth
Published Mon, May 31, 2021 · 09:50 PM
Singapore
BUSINESS confidence and loan demand remains "very mixed" across the different industries given the K-shaped nature of the Covid-19 recovery story, said OCBC chief economist Selena Ling in a note on Monday.
This comes amid noticeable softness in loan demand from manufacturing, transport, storage and communication, and business services industries in April.
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