'Manageable' risks ahead for Singapore economy: UOB
Though downside risks abound, they aren't likely to create shocks for the economy, say its economists
Singapore
THE impact of the past two days' Chinese stock market rout on China's economy will be limited, as the country makes a transition towards a more stable and mature financial system, UOB economists have said.
And China's transition is but one of the shifts that will make an impact on Singapore's economy in the year ahead, together with oil prices and other geopolitical risks, but these will not be disrupting Singapore's growth too much, they suggested at a media briefing on Tuesday.
Jimmy Koh, the bank's head of global economics and markets research, said: "If you look at all the previous economic crises, they often come from the most unexpected corners. But if you look at all the 'known unknowns', I think it's mana…
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Genting Singapore propels convincing Singapore market rebound; STI up 1.1%
Asia: Markets rise as traders consider US rate outlook
China reiterates need for steady yuan amid fragile confidence
Singapore shares climb at Thursday’s open; STI up 0.3%
Stocks to watch: CDL, DFI Retail Group, Cordlife, First Resources
US: Wall Street slips as dour earnings, chip stocks weigh