SINGAPORE (June 25): In the first six months of the year, expectations of synchronised global growth did not quite materialise. Though economic activity has picked up in the US, the same cannot be said for Europe and certain emerging markets (EM).
As a result, major central banks have diverged in their respective monetary policy decisions, which is is fuelling volatility in financial markets.
Meanwhile, trade tensions among the world’s biggest economies have investors worried. And the trade fears are weighing on Singapore’s growth outlook... (Click here to read the full story)