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Recovery in global economic activity could be positive for Singapore stocks

After climbing a wall of worry, are global stocks now poised at the top of a proverbial slope of hope?

AT THE beginning of the year, widespread expectation that elections would soon be called had many people expecting the Singapore government to roll out a generous Budget.

Then came Covid-19 and the most frightening collapse in economic activity that any of us had ever seen.

In response, the government pulled out all the stops. The aptly-named Unity budget, along with the three supplementary budgets that followed it - dubbed Resilience, Solidarity and Fortitude - set aside nearly S$93 billion to support the country through this unprecedented crisis.

Not bad for an election-year budget.

Singapore wasn't alone in digging deep into its pockets, but it was among the most aggressive in the region. The...

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