Deputy Chief Economist

Sharmila Whelan

Independent and original Asian investment research

Aletheia Capital

Aletheia Capital (HK) Ltd. (previously known as Asianomics) combines the extensive knowledge of its experienced team with technology and regulatory changes to disrupt Global Markets business in Asia. The firm is completely independent with no conflicts of interest either on Investment Banking advisory or Capital Markets execution.

Macroeconomics

<p>Singapore is regarded as a success story when it comes to the handling of the health crisis. Seventy-five percent of the economy has been reopened while the government has dipped into it substantial fiscal buffers to lend additional support to domestic companies and residents. Even so the growth outlook is dimming as clouds gather on the outlook for its export sector.</p>

Singapore is regarded as a success story when it comes to the handling of the health crisis. Seventy-five percent of the economy has been reopened while the government has dipped into it substantial fiscal buffers to lend additional support to domestic companies and residents. Even so the growth outlook is dimming as clouds gather on the outlook for its export sector.

MSCI AC Asia ex Japan Index (MXASJ INDEX)

FTSE Straits Times REIT Index (FSTREI INDEX)

Singapore: Export Headwinds