Quarterly Global Outlook
Find out more about foreign exchange movements, global economic developments and their impact on Singapore and the regional markets, interest rates and much, much more.
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| Asia Focus: Can Asia's Private Consumption Mitigate A Slowdown Resulting From Weaker External Demand? > more |
| Eurozone Focus: The Crisis Rolls On > more |
| Singapore Focus: Singapore Economy:Deceleration Ahead > more |
| Archive |
4Q-2010 United States Singapore Malaysia Thailand Indonesia Philippines Taiwan South Korea Hong Kong Vietnam China Australia New Zealand Japan Eurozone United Kingdom Executive Summary FX & Interest Rate Outlook Singapore Focus Facing Headwinds Asia Focus Assessing GDP Growth In Asia China Focus I Poised For A Moderation Into 2011 3Q-2010 United States Singapore Malaysia Thailand Indonesia Philippines Taiwan South Korea Hong Kong Vietnam China Australia New Zealand Japan Eurozone United Kingdom Executive Summary FX & Interest Rate Outlook Singapore Economy Firing on All Cylinders Asia Focus Estimating the Real Economy Fallout in Asia from the European Debt Crisis China Focus FX Policy Shift Finally In Place But Aggressive Moves Unlikely 2Q-2010 United States Singapore Malaysia Thailand Indonesia Philippines Taiwan South Korea Hong Kong Vietnam China Australia New Zealand Japan Eurozone United Kingdom Executive Summary FX & Interest Rate Outlook Singapore Economy Headline Growth To Surge Singapore MAS Likely To Tighten In April 2010 Monetary Policy Meeting China Focus Using RMB To Solve Global Imbalances? 1Q-2010 United States Singapore Malaysia Thailand Indonesia Philippines Taiwan South Korea Hong Kong China Vietnam Japan Australia & New Zealand Eurozone & United Kingdom Executive Summary FX & Interest Rate Outlook Singapore Normalisation of Economy and Monetary Policy Singapore SGD 3-Month SIBOR in 2010 to Rise Moderately, But Will Be Choppy Asia Focus Prospects of Property' Bubbles in Asia
4Q-2009 United States Singapore Malaysia Thailand Indonesia Philippines Taiwan South Korea Hong Kong China Vietnam Japan Australia Eurozone & United Kingdom
Executive Summary FX & Interest Rate Outlook United States The Economy in Positive Transition Singapore SGD Buoyed by Improving Economic Data and Increased Risk Taking Singapore Growth in 4Q GDP Likely Asia Focus 1 Monetary Policy Trajectory in Asia Asia Focus 2 Labour Market Holding Steady China Fiscal Support Offsetting Export Weakness 3Q-2009 United States Singapore Malaysia Thailand Indonesia Philippines Taiwan South Korea Hong Kong China Vietnam Japan Australia & New Zealand United Kingdom
Executive Summary FX & Interest Rate Outlook United States Debating the Pace of the Economic Recovery Singapore Bottoming, But How Sustainable is Improvement? Asia Update Exports and Production Data Still Weak 2Q-2009 United States Singapore Malaysia Thailand Indonesia Philippines Taiwan South Korea Hong Kong China Vietnam Japan Australia & New Zealand United Kingdom
Executive Summary FX & Interest Rate Outlook United States Budding Recovery or Head Fake? Singapore Engineering a SGD NEER Still on the Table Singapore What Does it Takes For an 8% Contraction Outcome Asia Exports A Protracted Decline Ahead Asia A Look at the Fiscal Measures 1Q-2009 United States Singapore Malaysia Thailand Indonesia Philippines Taiwan South Korea Hong Kong China Vietnam Japan Australia & New Zealand United Kingdom
Executive Summary FX & Interest Rate Outlook United States Sailing The Choppy Waters of 2009 Singapore Singapore Recession: What It Means For USD/SGD? Singapore Headed Into Slower Growth in 2009 Asia Asia's Economic Outlook: Downbeat Prospects For 2009
Q4 -2008 United States Singapore Malaysia Thailand Indonesia Philippines Taiwan South Korea Hong Kong China Vietnam Japan Australia & New Zealand United Kingdom Executive Summary FX & Interest Rate Outlook United States The Near-Term Backdrop In The US Has Become Increasingly Iffy Singapore Global Credit Crisis Biting Into Singapore Q3 -2008 United States Singapore
Malaysia Thailand Indonesia Philippines Taiwan South Korea Hong Kong China India Japan Australia & New Zealand United Kingdom Executive Summary FX & Interest Rate Outlook United States The Tentative US Outlook Lingers ... Singapore After Sub-prime, Now Comes Inflation Singapore Slowing Growth, Soaring Inflation Vietnam That Sinking Feeling Again Asia Asian Fuel Subsidies Cuts: Impact on Inflation, Interest Rate & FX Policies Q2 -2008 United States Singapore
Malaysia Thailand Indonesia Philippines Taiwan South Korea Hong Kong China India Japan Australia & New Zealand United Kingdom Executive Summary FX & Interest Rate Outlook United States The Dust of Uncertainty Has Yet to Settle Singapore A Challenging Year Ahead, but Thanks to the Successful Restructuring Story Singapore Economic Growth to Turn Higher in 1Q08 Q1 -2008 United States Singapore
Malaysia Thailand Indonesia Philippines Taiwan South Korea Hong Kong China India Japan Australia & New Zealand United Kingdom Executive Summary FX & Interest Rate Outlook United States Is the Economy Plunging or Drifting into a More Challenging Year? Singapore SGD Will Inch Higher, But US Sub-prime Situation Remains a Wildcard Singapore Growth Cooling Down to More Sustainable Pace China Assessing the Impact of an Equity Market Correction
Q4 -2007 The United States Singapore
Malaysia Thailand Indonesia Philippines Taiwan South Korea Hong Kong China India Japan Australia & New Zealand Eurozone
United Kingdom Executive Summary FX & Interest Rate Outlook The United States The Fed Reacts as Downside Risks Become More Evident Singapore Stable Economy Co-Existing With Volatile Financial Markets Singapore Greater Expectations? Asia Beyond the Credit Crunch - Has Asia Decoupled? Q3 -2007 The United States Singapore
Malaysia Thailand Indonesia Philippines Taiwan South Korea Hong Kong China India Japan Australia & New Zealand United Kingdom Executive Summary FX & Interest Rate Outlook The United States The Fed Remains Steady as Risks and Uncertainties Evolve Singapore A More Diversified and Resilient Economy: Impact on SGD and Yield Curve Singapore In For a Strong 2Q Surprise But Mind The Rising Costs Q2 -2007 The United States Singapore
Malaysia Thailand Indonesia Philippines Taiwan South Korea Hong Kong China India Japan Australia & New Zealand United Kingdom Executive Summary FX & Interest Rate Outlook The United States Mind The Uncertainties Singapore After The Recent Sharp Drop In SGD Interest Rates Singapore Buzz Of Optimism & SGD Implication Singapore Outlook For Overall Economy Remains Positive For 2007 Malaysia Latest FX Liberalization And Business Friendly Measures To Further Boost Investors' Confidence Q1 -2007 The United States Singapore
Malaysia Thailand Indonesia Philippines Taiwan South Korea Hong Kong China India Japan Australia & New Zealand United Kingdom Executive Summary FX & Interest Rate Outlook The United States The US Economy: Risk Factors In The 2007 Outlook Singapore SGD Appreciation: Surely But Slowly Singapore Singapore 2007: Driving On At A Slower Speed China RMB Tracking 3-5% Annual Appreciation Trend Asia Focus Macro Outlook In 2007: Themes And Trends
Q4 -2006 The United States Singapore
Malaysia Thailand Indonesia Philippines Taiwan South Korea Hong Kong China India Japan Australia & New Zealand United Kingdom Executive Summary FX & Interest Rate Outlook The United States The Conspicuous Divide in Expectations of Future Fed Policy Singapore USD/SGD Trading in a Benign Environment Singapore A Weaker 2nd Half Ahead Thailand Fundamentals Remain Firm Amidst Political Changes China Bracing For More RMB Volatility Hong Kong A Sturdy Dollar Peg Asia Focus Competitiveness In Electronics Export - Does China Dominate? Q3 -2006 The United States Singapore
Malaysia Thailand Indonesia Philippines Taiwan South Korea Hong Kong China India Japan Australia United Kingdom Executive Summary FX & Interest Rate Outlook The United States The US Fundamental Backdrop: Deciphering the Actual and Perceived Risks Singapore After the Exuberant 1Q06 Singapore USD/SGD: A Choppy Quarter, But Establishing New Trading Range Malaysia The Ringgit Yo-Yo: The Return of Volatility China More Tightening Measures Ahead China Recent Developments in Property Market Q2 -2006 The United States Singapore
Malaysia Thailand Indonesia Philippines Taiwan South Korea Hong Kong China India Japan Australia United Kingdom Executive Summary FX & Interest Rate Outlook The United States Tracking the US Economic and Financial Backdrops: What Lies Beneath? Singapore Getting Better ... Singapore MAS Policy Implication: Inflation Creeping In ... Malaysia USD/MYR Springs to Life After Muted Moves Post-Unpeg China RMB Adjustment - Round Two Q1 -2006 The United States Singapore
Malaysia Thailand Indonesia Philippines Taiwan South Korea Hong Kong China India Japan Australia United Kingdom Executive Summary FX & Interest Rate Outlook The United States US Economic and Financial Backdrops in 2006: The Year of Increased Volatility Japan The Japan Economy: A Mystifying Recovery South East Asia Modeling Interest Rate Peaks Singapore Growth Momentum Building Up, But SGD Appreciation Will Be Moderate Singapore Prospects Looking Brighter Malaysia Risk Tilting Towards USD/MYR Above 3.80 China How The RMB Revaluation Will Play Out In 2006
Q4 -2005 The United States Singapore
Malaysia Thailand Indonesia Philippines Taiwan South Korea Hong Kong China India Japan Australia United Kingdom FX & Interest Rate Outlook Singapore Economic Growth On Sustained Rebound The United States The US Economy: Mixed Signals, Sexy Contentions and Gut-Feel Projections Singapore USD/SGD In a More Flexible RMB and MYR Environment Malaysia Focus Shifts From FX Regime to Fuel Subsidy Indonesia Indonesia's Brush With Currency Turmoil Q3 -2005 The United States Singapore
Malaysia Thailand Indonesia Philippines Taiwan South Korea Hong Kong China India Japan Australia United Kingdom FX & Interest Rate Outlook Singapore Economy Avoids Technical Recession In 2Q05 The United States The US Fundamental Backdrop: An Imperceptible Shift In The Balance of Risks Singapore Heightened SGD Volatility: RMB Pull or MYR Push? Malaysia The Ringgit Peg: Still Watching RMB & Domestic Inflation China Economy at Turning Point? Q2 -2005 The United States Singapore
Malaysia Thailand Indonesia Philippines Taiwan South Korea Hong Kong China India Japan Australia Eurozone United Kingdom FX & Interest Rate Outlook Singapore A Weak Start to the Year But 2005 Growth Target Remains Intact The United States The US Economy & Interest Rates in 2005: Cautiously Optimistic or Optimistically Cautious? The United States Foreign Participation in the US Treasury Market: The Tail that Wags the Dog? Singapore USD/SGD: Remains on a Heavy Mood Malaysia Ringgit Policy: After the Relaxation of Capital Restrictions Q1 -2005 The United States Singapore
Malaysia Thailand Indonesia Philippines Taiwan South Korea Hong Kong China India Japan Australia Eurozone United Kingdom FX & Interest Rate Outlook Singapore Growth Moderation, But Not Much of Worry China Taking Stock of Recent Policy Moves - What Does It Mean to RMB? Malaysia Revisiting the Ringgit Peg Asian Currencies The Next Leg of USD Weakness Begins Here Singapore USD/SGD Into 2005 - How Much Lower?
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Our Team
| Jimmy
Koh Chew Teck Head of Economic-Treasury Research Tel: +65 6539 3545 |
Alvin Liew
Senior Economist Tel: +65 6539 8930 |
Lee
Sue Ann Treasury Economist Tel: +65 6539 3549 |
| Suan
Teck Kin Senior Economist Tel: +65 6539 3922 |
Ho
Woei Chen Economist Tel: +65 6539 3948 |
Chow
Penn Nee Economist Tel: +65 6539 3923 |