Singapore: Growth to Remain Sluggish Despite Improved Data and Waning Deflation
3Q16 growth upwardly revised: GDP rose 1.1% y/y in 3Q16, down from 2.0% in 2Q16 but higher than the earlier estimate of 0.6%. Improvements in the...
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Animal Spirits™: Singapore Earnings Undermined by Unit Labor Costs, Trade, & Trump - Underweight!!!
Executive Summary Singapore Earnings Disappointment Not Only About Trade and Trumpian Policies Domestic Policy Has Driven Up Unit Labor Costs,...
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How Have Risks for Asia Changed Recently?
A confluence of recent global developments calls for a re-examination of Asia's outlook. The following factors will largely determine the outlook...
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Black Swans, Paradigm Shifts, and Other Ideas
We attended two events hosted by the CFA Society of Thailand last week. One was presented by Port Shelter's Richard Harris and the other involved a...
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Demonetisation:20% High-Value Notes May Be Destroyed, a Hit of 1-2% of GDP; Move a Long-Run Positive
Demonetization of high-value currency notes (Rs500 and Rs1000 denomination) has slowed down activity levels significantly given that cash...
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