Biden's US$1.9t stimulus bill a major catalyst for Singapore's recovery
Market watchers say rescue package could boost local exports and lift cyclical stocks; but there are risks, too, as inflation expectations rise
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Singapore
US President Joe Biden's US$1.9 trillion stimulus bill, due to be signed on Friday, could boost local exports and lift cyclical stocks, market watchers said.
Singapore, with an externally oriented economy and an equity market heavily weighted with cyclical counters such as banks and property developers, could be a major beneficiary of one of the largest economic rescue packages in US history. But there are risks, too, as inflation expectations rise.
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